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Lordos Hotels H1 loss widens 43.9% YOY

Lordos Hotels (Holdings) Public Ltd said its first-half normalized net income was a loss of €413,760, compared with a loss of €287,580 in the year-earlier period.

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

Total revenue totaled €3.7 million, compared with €3.7 million in the year-earlier period, and total operating expenses rose 6.5% year over year to €4.4 million from €4.1 million.

Reported net income totaled a loss of €717,240, or a loss of 2 cents per share, compared to a loss of €486,560, or a loss of 1 cents per share, in the prior-year period.