VOL. XLI

No. 08

23-February-1998

BAHRAIN

Batelco Increases Net Profits To A Record $85.9Mn In 1997

Batelco, the Bahraini telecommunications group, announced on 8 February that its netprofits rose to BD32.4mn ($85.9mn) in 1997, an increase of 15% from BD28.1mn ($74.5mn) in1996. According to the Bahrain Communications Minister and Batelco's chairman, Shaikh 'Alibin Khalifah bin Salman Al-Khalifah , last year's profit was the company's best since itwas established in 1981. In addition, the board...