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FINANCIAL NEWS
Bahrain’s Batelco records USD37.66m net profit in Q1
30 Apr 2015
(MENAFN) Bahrain Telecommunications Co (Batelco) recorded USD37.66 million net profit in the first quarter of the year, marking a decline by 2 percent year-on-year, Arabian Business reported.
The net profit recorded in the corresponding period a year ago was USD38.17 million. Additionally, revenues also decreased to USD246.6 million due to aggressive pressures on some of it operations.
“While customer numbers continue to grow, the intensity of competition in the consumer market is impacting ARPU (average revenue per user),” Batelco’s acting chief executive said.
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