trending Market Intelligence /marketintelligence/en/news-insights/trending/2Jr7g2iSpnxlqOVVHgWOrA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Allied Hotel Properties Q1 loss narrows YOY


M&A rebound sparks optimism for near-term deal activity


Fintech Intelligence Newsletter: February 2021


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Allied Hotel Properties Q1 loss narrows YOY

Allied Hotel Properties Inc. said its first-quarter normalized net income amounted to a loss of C$504,380, compared with a loss of C$616,880 in the year-earlier period.

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

The normalized profit margin increased to negative 26.5% from negative 38.3% in the year-earlier period.

Total revenue increased 18.3% year over year to C$1.9 million from C$1.6 million, and total operating expenses grew on an annual basis to C$2.5 million from C$2.4 million.

Reported net income came to a loss of C$807,000, or a loss of 1 cents per share, compared to a loss of C$987,000, or a loss of 1 cents per share, in the year-earlier period.