Banader Hotels Co. B.S.C. said its third-quarter normalized net income came to a loss of 191,770 Bahraini dinars, compared with a loss of 10,480 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 300,000 dinars, compared to a loss of 15,000 dinars in the prior-year period.

As of Nov. 4, US$1 was equivalent to 380 Bahraini fils.