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Bahrain Family Leisure Q3 loss widens YOY

Bahrain Family Leisure Co. BSC said its third-quarter normalized net income amounted to a loss of 4,590 dinars, compared with a loss of 880 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 dropped to negative 1.4% from negative 0.3% in the year-earlier period.

Total revenue rose 5.7% year over year to 331,540 dinars from 313,690 dinars, and total operating expenses rose 7.1% on an annual basis to 339,400 dinars from 316,880 dinars.

Reported net income totaled 793,930 dinars, or 22 fils per share, compared to a loss of 273,310 dinars, or a loss of 8 fils per share, in the prior-year period.

As of Oct. 30, US$1 was equivalent to 380 Bahraini fils.