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National Hotels Q1 profits fall 36%

National Hotels Q1 profits fall 36%
Photo Credit: Arabianeye-Reuters
National Hotels
NHOTEL
5.26% 0.20 0.01

Mubasher: National Hotels posted a decline of 36% in profits to nearly BHD 720,436 ($1.9 million) during the first quarter of 2017, compared to BHD 1.123 million ($3 million) in the same period of 2016.

The gross operating profit shrank by 36% to approximately BHD 739,060 in Q1-17 from BHD 1.15 million in Q1-16, according to a bourse statement issued on Sunday.