Batelco posts $60m net profit in H1

Bahrain-based Batelco, a global telecom group, has reported a net profit of BD22.7 million ($60.2 million) for the first six months of the year, an 18 per cent decline compared to the corresponding period in 2015. For the second quarter of the year, the group posted a decrease of 2 per cent in net profit over Q2 2015. The reduced net profits for the period are impacted by one-off items and BD0.9 million ($2.4 million) share of loss of the group’s investment in Sabafon,


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