Thursday, 27 January 2011

UPDATE 1-Batelco Q4 profit falls 18.6 pct, eyes acquisitions | Reuters

Bahrain Telecommunications' BTEL.BH fourth quarter net profits fell 18.6 percent but were in line with expectations as a loss in market share and start-up costs for its Indian operations hurt full-year results.

Net profit fell to 20.81 million dinars ($55.21 million) in the quarter ended Dec. 31, according to Reuters calculations, compared to 25.56 million dinars in the year-earlier quarter.

Analysts forecast average quarterly profit of 20.51 million dinars in a Reuters poll.

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