trending Market Intelligence /marketintelligence/en/news-insights/trending/38hO0EE7RwkXtUDaDmoHQg2 content esgSubNav
In This List

Best Hotel Properties as Q1 loss narrows YOY

Blog

Live TV still dominates most TV viewing in Asia

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Middle East & Africa M&A by the Numbers: Q2 2021

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound


Best Hotel Properties as Q1 loss narrows YOY

Best Hotel Properties as said its normalized net income for the first quarter came to a loss of €232,500, compared with a loss of €1.4 million in the prior-year period.

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

The normalized profit margin rose to negative 2.0% from negative 11.7% in the year-earlier period.

Total revenue declined 5.7% on an annual basis to €11.5 million from €12.2 million, and total operating expenses decreased 11.3% year over year to €13.1 million from €14.8 million.

Reported net income totaled a loss of €98,000, or a loss of 0 cents per share, compared to a loss of €2.3 million in the year-earlier period.