trending Market Intelligence /marketintelligence/en/news-insights/trending/7jvkyi63TUHGZ0LCzIgf8Q2 content esgSubNav
In This List

Al Batnah Hotels Q2 profit climbs YOY

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


Al Batnah Hotels Q2 profit climbs YOY

Al Batnah Hotels Co. SAOG said its second-quarter normalized net income was 22,780 rials, a gain from 4,650 rials in the prior-year period.

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

The normalized profit margin increased to 6.6% from 2.0% in the year-earlier period.

Total revenue grew 47.3% year over year to 346,280 rials from 235,100 rials, and total operating expenses increased 36.1% from the prior-year period to 309,840 rials from 227,660 rials.

Reported net income came to 26,020 rials, compared with 6,950 rials in the prior-year period.

As of July 15, US$1 was equivalent to 39 Oman baiza.