Batelco Group reported earnings results for the third quarter and nine months ended of September 30, 2017. For the quarter, the company reported gross revenues of BHD 277.6 million (USD 736.3 million) for the period; EBITDA of BHD 91.2 million (USD 241.9 million) representing a 33% margin; Consolidated net profit of BHD 25.2 million (USD 66.8 million) for the period; Earnings per share of 15.2 fils. For the nine-month period, the Group's gross revenues are up by 2% year-on-year to BHD 277.6 million (USD 736.3 million) supported by improved revenues in the Bahrain operation, Umniah in Jordan and Dhiraagu in the Maldives. Gross revenues also showed an improvement of 6% over the previous quarter in 2017 and 7% over third quarter of 2016. EBITDA for the period was BHD 91.2 million (USD 241.9 million), a 13% decline year over year, 14% quarter-on- quarter decline over the second quarter of 2017 and 20% quarter-on-quarter decline over the third quarter of 2016. The drop in EBITDA is mainly attributed to restructuring costs incurred in the third quarter of 2017. However, the Group continues to sustain a robust EBITDA margin of 33%. The Group ended the nine month period with net profit of BHD 25.2 million (USD 66.8 million), a 22% decline compared to the corresponding period in 2016 and quarter-on-quarter decline of 43% compared to the second quarter of 2017 and 37% compared to the third quarter of 2016. The reduced net profits for the period are mainly impacted by the lower EBITDA due to restructuring and the share of loss from the Group's investment in Sabafon, Yemen due to the ongoing political unrest. Earnings per share for the period stood at 15.2 fils.