Arab International Hotels PLC said its normalized net income for the first quarter came to a loss of 264,190 dinars, compared with income of 200,720 dinars in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to negative 11.4% from 8.0% in the year-earlier period.
Total revenue decreased 7.1% year over year to 2.3 million dinars from 2.5 million dinars, and total operating expenses rose on an annual basis to 2.4 million dinars from 2.3 million dinars.
Reported net income came to a loss of 422,700 dinars, or a loss of 1 fils per share, compared to income of 323,670 dinars, or 1 fils per share, in the year-earlier period.
As of April 28, US$1 was equivalent to 71 Jordanian fils.
