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Kuwait Hotels Q1 profit climbs YOY

4980825 said its first-quarter normalized net income amounted to 62,650 dinars, an increase from 14,160 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 increased to 2.6% from 0.6% in the year-earlier period.

Total revenue increased year over year to 2.4 million dinars from 2.3 million dinars, and total operating expenses came to 2.3 million dinars, compared with 2.3 million dinars in the year-earlier period.

eported net income grew from the prior-year perio Kuwait Hotels Co. KSCP.