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Bahrain Family Leisure Q1 profit climbs 7.6% YOY

Bahrain Family Leisure Co. BSC said its first-quarter normalized net income amounted to 137,460 Bahraini dinars, a rise of 7.6% from 127,720 dinars in the prior-year period.

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

The normalized profit margin climbed to 42.3% from 40.9% in the year-earlier period.

Total revenue rose on an annual basis to 325,330 dinars from 311,990 dinars, and total operating expenses came to 336,260 dinars, compared with 337,190 dinars in the year-earlier period.

Reported net income totaled 37,750 dinars, or 1 fils per share, compared to a loss of 802,930 dinars, or a loss of 22 fils per share, in the year-earlier period.

As of April 25, US$1 was equivalent to 380 Bahraini fils.