August 7, 2016 / 6:41 AM / a year ago

Bahrain's Batelco proposes unchanged dividend for H1 2016

DUBAI, Aug 7 (Reuters) - Bahrain Telecommunications Co (Batelco) said on Sunday that its board was recommending a cash dividend of 0.01 dinars ($0.027) per share for the first half of 2016.

The payout was unchanged from a year ago, according to Thomson Reuters data.

The company posted a 1.7 percent decline in second-quarter profit to 13.08 million dinars as it recorded losses from its share in Yemen’s Sabafon.

$1 = 0.3770 Bahraini dinars Reporting By Tom Arnold; editing by John Stonestreet

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