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Family Leisure turns a profit in Q1

Family Leisure turns a profit in Q1
A project by Bahrain Family Leisure (Photo credit: Company website)

Mubasher: Bahrain Family Leisure reported turning profitable in the first three months of 2017 against losses in the same period in 2016.

The Bahraini company posted BHD 37,750 (99,170) in Q1-17, against BHD 802,930 ($2.1 million) in the year-ago period, according to a statement to the Bahrain Bourse.

Operating revenues reached BHD 325,330 in Q1-17, up from BHD 311,990 in the first three months of 2016.

The hotel company last achieved BHD 155,630 in profits in 2016 against BHD 1.066 million in losses in 2015.