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Fri 29 Jan 2010 09:04 AM

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Bahrain's Batelco Q4 net profit falls 1%

Bahraini co's full-year net profit at $278.6m; proposes to pay 2009 dividend of 50 fils per share.

Bahrain Telecommunications' (Batelco) fourth-quarter net profit fell one percent, Reuters calculations showed on Thursday. Batelco said full-year net profit was BD105m ($278.6 million).

Reuters calculations showed fourth-quarter net profit was 25.52 million dinars, just below the 25.88 million dinars a year earlier.

The company said in a statement that it proposed to pay a 2009 dividend of 50 fils per share, unchanged from 2008. There are 1,000 fils to the Bahraini dinar. (Reuters)

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