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Banader Hotels Q1 loss widens 28.9% YOY

Banader Hotels Co. B.S.C. said its first-quarter normalized net income came to a loss of 40,940 Bahraini dinars, compared with a loss of 31,770 dinars in the prior-year period.

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

Reported net income totaled a loss of 60,000 dinars, compared to a loss of 45,000 dinars in the year-earlier period.

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