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

Les Hí´tels Baverez Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


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.