Mubasher: Banader Hotels suffered a surge of 119.1% in losses during the fourth quarter of 2016 as compared to the same period in the prior year.

Losses totaled BHD 1.42 million ($3.74 million) in Q4-16 when compared to BHD 648,000 ($1.71 million) worth losses in Q4-15, according to a bourse filing issued on Thursday.

During the fiscal year of 2016, losses widened by 338% to total BHD 5.08 million from BHD 1.16 million in FY15.