Gulf Hotels Group announces its financial results for the first quarter of 2021

gulf hotels group financial results
Gulf

Gulf Hotels Group announces its financial results for the first quarter of 2021

Company has achieved the following, during the first Quarter of 2021: Net Loss of BD 207,119 compared to a profit of BD 1.072 million in the first quarter of the previous year, with a decrease of 1.280 million. The loss per share is 1 fils compared to earnings of 5 fils in the first quarter of last year. Total comprehensive loss of BD 157,078, compared to a profit of BD 606,280 for the first quarter of the previous year, with a decrease of BD 763,358. Gross Profit of BD 1.788 Million, compared to BD 3.250 Million for the same period in last year, with a decrease of BD 1.463 Million or 45%. Revenue of first quarter BD 4.460 Million, compared to BD 7.653 Million for the same period in last year, with a decrease of BD 3.194 million or 41.73 %. The total equity (excluding minority interests) for the year was BD 98.205 Million compared to BD 100.622 Million in last year, with a decrease of 2.417 million or 2.40 %. The total assets for the YTD reached BD 117.561 Million compared to BD 118.780 Million in the previous year, with a decrease of 1.219 million or 1.03 %. The

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