trending Market Intelligence /marketintelligence/en/news-insights/trending/1OvmrOJBEtzKYoFL3NEEAg2 content esgSubNav
In This List

Les Hí´tels Baverez Q3 profit falls YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Podcast

MediaTalk | Season 2
Ep.1: Broadcast's Big Year

Blog

Global M&A by the Numbers Q4 2023

Blog

Investment Banking Essentials: February 21


Les Hí´tels Baverez Q3 profit falls YOY

Les Hôtels Baverez SA said its normalized net income for the third quarter amounted to €506,870, a decrease of 47.1% from €957,760 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 6.9% from 11.4% in the year-earlier period.

Total revenue decreased 11.8% on an annual basis to €7.4 million from €8.4 million, and total operating expenses fell 5.6% on an annual basis to €6.5 million from €6.9 million.

Reported net income came to €964,370, compared with €596,450 in the year-earlier period.