Bahrain’s Batelco Q2 net profit rises 27.5 pct


DUBAI Aug 6 Bahrain Telecommunications Co
(Batelco) posted a 27.5 percent rise in second-quarter
profit on Thursday.

The former monopoly made a net profit of 13.31 million
dinars ($35.29 million) in three months to June 30, up from
10.44 million dinars in the year-earlier period, it said in a
statement.

SICO Bahrain forecast Batelco would make a quarterly profit
of 14.1 million dinars.

Batelco’s second-quarter revenue was 92.1 million dinars, it
said in a statement. This compares with 97.0 million dinars a
year ago.

The company made a half-year net profit of 27.54 million
dinars, up from 24.90 million dinars in the corresponding period
of 2014. It board has also approved paying an interim dividend
of 0.010 dinars per share.

($1 = 0.3772 Bahraini dinars)

(Reporting by Matt Smith; Editing by Olzhas Auyezov)

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