trending Market Intelligence /marketintelligence/en/news-insights/trending/5UOkYp1A_aWObYTqi-V-ig2 content esgSubNav
In This List

Gulf Hotels Group Q1 profit climbs 18.2% YOY

Video

According to Market Intelligence, December 2022

Podcast

Private Markets 360° | Episode 1: The role of ESG in Private Equity

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Investment Research Coverage of Inflation and Recession-Focused Topics on the Rise


Gulf Hotels Group Q1 profit climbs 18.2% YOY

Gulf Hotels Group B.S.C. said its normalized net income for the first quarter came to 2.1 million Bahraini dinars, a rise of 18.2% from 1.8 million dinars in the year-earlier period.

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

The normalized profit margin rose to 22.3% from 20.5% in the year-earlier period.

Total revenue grew 8.9% year over year to 9.3 million dinars from 8.6 million dinars, and total operating expenses rose 25.9% year over year to 7.3 million dinars from 5.8 million dinars.

Reported net income rose 21.0% year over year to 3.3 million dinars, or 15 fils per share, from 2.7 million dinars, or 12 fils per share.

As of May 2, US$1 was equivalent to 380 Bahraini fils.