Mubasher: Banader Hotels incurred a decline of 7.9% in losses during the first quarter of 2017, compared to the same period in 2016.

The losses decreased to BHD 1.04 million ($2.74 million) in Q1-17 from BHD 1.13 million ($2.97 million) in Q1-16, according to a bourse statement issued on Sunday.

The operating costs in Q1-17 amounted to about BHD 438,430, about 160% higher than around 168,520 in Q1-16.