Bahrain Telecommunications Company BSC announced unaudited consolidated financial results for the first quarter of 2016. Gross revenues were BD 90.9 million ($241.1 million); EBITDA was BD 35.1 million ($93.1 million) representing a 39% margin. consolidated net profit was BD 9.6 million ($25.5 million). Earnings per share was 5.8 fils. Revenues continue to be impacted by competitive pressure in a number of markets across the Group. Despite a 1% decline from the previous year, EBITDA increased by 13% from the previous quarter. Throughout the period, the Group was able to continue its successful cost containment programmes resulting in a 5% reduction in expenditure compared to the same period last year and an 11% reduction from the previous quarter. The Group continues to sustain its robust EBITDA margin. For the period, the Group reported Net Profit of BD 9.6 million ($25.5 million); a 33% decline compared to the first quarter of 2015 mainly as a result of one-off items, but a 12% increase over the previous quarter.