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...
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