Gulf Hotels Group announces its financial results for the first quarter of 2021
- Date: 12-May-2021
- Source: Bizbahrain
- Sector:Financial Markets
- Country: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