Batelco shares decline on nine months results

21 October 2010

The Bahrain Stock Exchange's lead index eased 0.05% to close at 1,465.39. Shares of Bahrain Telecom, better known as Batelco, lost 2.83%, finishing at BD0.515. Earlier in the day, the firm has announced its net profit for the nine months ended September 30, 2010 has dropped 17% to BD66m ($175m) on a year-on-year basis. Third quarter net profit stood at BD19.3m ($51.1m), while gross revenues for the nine months ended September 30, 2010 reached BD256.1m ($679.3m).

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