Batelco says net profit dropped 22% in first-half of 2013
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Batelco says net profit dropped 22% in first-half of 2013

Batelco says net profit dropped 22% in first-half of 2013

Batelco has reported a 22% decline in net profit in the first half of the year to $71.6m, compared with $91.8m for the same period last year, weighed down by one-off expenses related to acquisitions and related financing, Reuters has reported. The operator, seeking to offset declining domestic profit and revenue, in April completed the $570m purchase of Cable & Wireless Communications' Monaco and Islands Division.

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