trending Market Intelligence /marketintelligence/en/news-insights/trending/TIJp5pvXs9PPaRmIkN4n5g2 content esgSubNav
In This List

Gulf Hotels Group Q1 profit falls YOY

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


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


Global M&A by the Numbers Q4 2023

Gulf Hotels Group Q1 profit falls YOY

Gulf Hotels Group B.S.C. said its first-quarter normalized net income came to 1.8 million Bahraini dinars, a decrease of 10.8% from 2.0 million 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 20.5% from 22.5% in the year-earlier period.

Total revenue decreased on an annual basis to 8.6 million dinars from 8.8 million dinars, and total operating expenses decreased on an annual basis to 5.8 million dinars from 6.1 million dinars.

Reported net income declined 12.1% on an annual basis to 2.7 million dinars, or 14 fils per share, from 3.1 million dinars, or 16 fils per share.

As of April 14, US$1 was equivalent to 380 Bahraini fils.