Bahrain’s Banader losses deepen in 9 months

Mubasher: Bahrain-based Banader Hotels posted net losses of BHD 512,000 ($1.34 million) for the first nine months of 2015, widening 471.6% compared with BHD 89,500 ($235,800) in the same period of 2014.

Nine-month operating revenues reached BHD 974,200, compared with BHD 947,800 a year earlier.

The loss per share increased from BHD 0.0006 to BHD 0.0034.

The hotel operator has BHD 15 million capital, divided into150 million shares at a par value of BHD 0.1 each.

Mubasher Contribution Time: 04-Nov-2015 06:19 (GMT)