trending Market Intelligence /marketintelligence/en/news-insights/trending/UJIJygU03uWM3ntO8ZjtKQ2 content esgSubNav
In This List

Arab International Hotels Q2 profit falls YOY

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Blog

A Sustainability Framework for Customer and Supplier Credit Risk Management

Video

Lithium Import


Arab International Hotels Q2 profit falls YOY

Arab International Hotels PLC said its normalized net income for the second quarter amounted to 3 Jordanian fils per share, a decline of 33.7% from 4 fils per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 902,090 dinars, a decline of 33.5% from 1.4 million dinars in the prior-year period.

The normalized profit margin dropped to 32.7% from 38.4% in the year-earlier period.

Total revenue declined 22.0% year over year to 2.8 million dinars from 3.5 million dinars, and total operating expenses declined 10.0% on an annual basis to 2.4 million dinars from 2.7 million dinars.

Reported net income declined 34.2% on an annual basis to 1.3 million dinars, or 4 fils per share, from 2.0 million dinars, or 6 fils per share.

As of July 28, US$1 was equivalent to 71 Jordanian fils.