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Bahrain Family Leisure Q3 loss narrows YOY

Bahrain Family Leisure Co. BSC said its third-quarter normalized net income was a loss of 2,000 Bahraini dinars, compared with a loss of 22,040 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 increased to negative 0.3% from negative 7.1% in the year-earlier period.

Total revenue climbed year over year to 313,690 dinars from 308,600 dinars, and total operating expenses declined 7.8% from the prior-year period to 316,880 dinars from 343,850 dinars.

Reported net income came to a loss of 273,310 dinars, or a loss of 8 fils per share, compared to a loss of 676,420 dinars, or a loss of 19 fils per share, in the prior-year period.

As of Oct. 31, US$1 was equivalent to 380 Bahraini fils.