trending Market Intelligence /marketintelligence/en/news-insights/trending/87CGbOGWZF6qtZkE_BelEA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Gulf Hotels Group Q3 profit climbs 64.7% YOY

StreetTalk – Episode 71: Hotel sector faces tough sledding until full COVID-19 solution

Street Talk Episode 71 - Hotel sector faces tough sledding until full COVID-19 solution

Which Companies Win from Decarbonizing Electricity

Banking Essentials Newsletter: November Edition - Part 2


Gulf Hotels Group Q3 profit climbs 64.7% YOY

Gulf Hotels Group B.S.C. said its normalized net income for the third quarter was 1.9 million Bahraini dinars, a rise of 64.7% from 1.1 million dinars 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 19.2% from 15.1% in the year-earlier period.

Total revenue climbed 30.0% on an annual basis to 9.7 million dinars from 7.4 million dinars, and total operating expenses rose 33.2% year over year to 7.6 million dinars from 5.7 million dinars.

Reported net income rose 62.8% from the prior-year period to 2.9 million dinars, or 13 fils per share, from 1.8 million dinars, or 9 fils per share.

As of Oct. 27, US$1 was equivalent to 380 Bahraini fils.