Batelco continued to deliver strong revenue growth, ending the quarter at BD78.1 million, representing a 17.4 percent year-on-year increase, with net profit of BD27.4M million, a growth of 10.8 percent over the first quarter of 2007, incorporating a one off gain of BD6.8 million from the sale of land owned by Batelco in Isa Town. “While regulatory measures, increased competition from well established telecommunication providers and a growing line of new entrants affect revenue growth in Bahrain, our customers are benefiting from new services, promotions and better value,” Batelco Chief Executive Officer Peter Kaliaropoulos said on Tuesday.
