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Bahrain Family Leisure Q2 loss widens 15.4% YOY

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Bahrain Family Leisure Q2 loss widens 15.4% YOY

Bahrain Family Leisure Co. BSC said its second-quarter normalized net income amounted to a loss of 15,880 Bahraini dinars, compared with a loss of 13,760 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 dropped to negative 5.5% from negative 4.9% in the year-earlier period.

Total revenue rose year over year to 286,450 dinars from 280,690 dinars, and total operating expenses grew on an annual basis to 313,060 dinars from 306,390 dinars.

Reported net income declined 55.8% from the prior-year period to 435,590 dinars, or 12 fils per share, from 985,430 dinars, or 27 fils per share.

As of July 31, US$1 was equivalent to 380 Bahraini fils.