Bahrain Telecommunications Co (Batelco) posted a 22.4 percent drop in second-quarter profit on Sunday, according to Reuters calculations.
The former monopoly, which had reported declining profits in 16 of the previous 19 quarters, made a net profit of 10.4 million dinars ($27.6 million) in the three months to June 30, down from 13.4 million dinars in the year-earlier period.
Batelco didn't provide a quarterly breakdown so Reuters based its calculations on its first-half financial statement.
The operator said its board was proposing to pay a cash dividend of 0.01 dinar per share for the period. This is in line with the amount paid in the corresponding period last year, according to Thomson Reuters data.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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