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DUBAI, Nov 10 (Reuters) - Bahrain Telecommunications Co (Batelco) reported a 13.4 percent fall in third-quarter profit on Tuesday.
The former monopoloy made a net profit of 13.4 million dinars ($35.53 million) in the three months to June 30, up from 16 million a year earlier, Reuters calculated based on Batelco's nine-month earnings statement.
SICO Bahrain had forecast Batelco would make a quarterly profit of 13.6 million dinars.br>
Batelco made a net profit of 40.9 million dirhams in the first nine months of 2015, its statement said, which was the same amount as in the prior-year period.
In Bahrain, Batelco competes with units of Kuwait's Zain and Saudi Telecom Co as well as about 10 Internet providers.
($1 = 0.3771 Bahraini dinars)
(Reporting by Matt Smith, editing by Katie Paul) ((matt.smith1@thomsonreuters.com; 00971506354039; Reuters Messaging: matt.smith1.thomsonreuters.com@reuters.net))
The former monopoloy made a net profit of 13.4 million dinars ($35.53 million) in the three months to June 30, up from 16 million a year earlier, Reuters calculated based on Batelco's nine-month earnings statement.
SICO Bahrain had forecast Batelco would make a quarterly profit of 13.6 million dinars.br>
Batelco made a net profit of 40.9 million dirhams in the first nine months of 2015, its statement said, which was the same amount as in the prior-year period.
In Bahrain, Batelco competes with units of Kuwait's Zain and Saudi Telecom Co as well as about 10 Internet providers.
($1 = 0.3771 Bahraini dinars)
(Reporting by Matt Smith, editing by Katie Paul) ((matt.smith1@thomsonreuters.com; 00971506354039; Reuters Messaging: matt.smith1.thomsonreuters.com@reuters.net))
