Batelco First Quarter Profits Up 16%
Bahrain telecommunications group, Batelco, announced on 10 May that 1Q net profits roseto BD9.4mn ($24.9mn), an increase of 16% from BD8.1mn ($21.5mn) in 1Q 1997. Turnover wasup 16% to BD30.1mn from BD25.9mn in 1997, while earnings per share rose 14.6% to BD0.047from BD0.041. Batelco also announced that it will invest BD30mn ($79.6mn) this year toupgrade its network. In 1997, Batelco increased profits to a record $85.9mn (...