trending Market Intelligence /marketintelligence/en/news-insights/trending/ju7LUIGFBUAI4TdZ2eg6ig2 content esgSubNav
In This List

A. Tsokkos Hotels swings to profit in Q2

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Case Study

An Asset Manager Meets Client Redistribution Demands for Excel-based Statements

Podcast

MediaTalk | Season 2
Ep.1: Broadcast's Big Year

Blog

Global M&A by the Numbers Q4 2023


A. Tsokkos Hotels swings to profit in Q2

A. Tsokkos Hotels Public Ltd said its normalized net income for the second quarter came to €1.4 million, compared with a loss of €334,800 in the year-earlier period.

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

The normalized profit margin rose to 8.4% from negative 2.4% in the year-earlier period.

Total revenue climbed 22.2% year over year to €17.1 million from €14.0 million, and total operating expenses grew 16.1% on an annual basis to €14.1 million from €12.1 million.

Reported net income totaled €2.2 million, or 1 cents per share, compared to a loss of €601,030, or a loss of 0 cents per share, in the year-earlier period.