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Banader Hotels Q2 loss widens YOY

Banader Hotels Co. B.S.C. said its normalized net income for the second quarter was a loss of 87,310 Bahraini dinars, compared with a loss of 13,740 dinars in the year-earlier period.

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

Reported net income totaled a loss of 135,000 dinars, compared to a loss of 22,050 dinars in the year-earlier period.

As of Aug. 11, US$1 was equivalent to 380 Bahraini fils.