Bahrain's Batelco suffers slump in H1 net profit - Technology - ArabianBusiness.com:
"Bahrain Telecommunications Co (Batelco) posted a 22 percent fall in net profit in the first half of the year weighed down by one-off expenses related to acquisitions and related financing, it said in a statement on Tuesday.
The former monopoly, which has reported declining profits in past several quarters, said first-half net profit fell to $71.6m compared with $91.8m for the same period last year.
"Profits for the period were impacted by a number of one off expenses associated with the acquisition and related financing," Batelco said in the statement."
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