UPDATE 1-Bahrain's Batelco first quarter net profit rises 8 pct | Reuters:
"Bahrain Telecommunications Co (Batelco) posted an 8 percent rise in first-quarter profit on Wednesday as the operator added more domestic subscribers and revenue grew following its largest ever acquisition last year.
The former monopoly, which had reported declining profits in 16 of the previous 18 quarters and went nearly a year without a permanent chief executive, made a net profit of 14.5 million dinars ($38.46 million) in the three months to March 31, it said in an emailed statement.
This compares with a profit of 13.4 million dinars in the year-earlier period."
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