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Les Hotels De Paris H1 loss widens 98.7% YOY

Les Hotels De Paris SA said its first-half normalized net income was a loss of 67 euro cents per share, compared with a loss of 33 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €4.6 million, compared with a loss of €2.3 million in the prior-year period.

Total revenue decreased 23.3% on an annual basis to €13.0 million from €17.0 million, and total operating expenses totaled €19.6 million, compared with €19.7 million in the year-earlier period.

Reported net income came to a loss of €1.6 million, or a loss of 23 cents per share, compared to a loss of €1.3 million, or a loss of 18 cents per share, in the prior-year period.