image description
image description

Archives


  • 24-10-12

    Bahrain's Batelco reports USD114m profit in Jan-Sep

    (MENAFN) Bahrain Telecommunications Co (Batelco) reported a 25 percent decline in profits for the first nine months of 2012, due to stiff competition and a number of one-of adjustments, Arabian Business reported. The company said in a statement it earned USD114 million net during the January-September period, down from USD150.32 million a year earlier. Revenues at home also fell by 12 percent in the period to USD601.3 million in the 9-month period compared to a year ago, due to increased competition and lower tariffs, the company added. The statement said 40 percent of total revenues came from overseas operations. Batelco has launched a restructuring drive as it seeks to save USD52.7 million annually from 2014 onwards, particularly in the saturated Bahrain mobile market.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved