Business

Gulf Hotels Group reports net profit of BD1.1m in second quarter of 2023

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The Gulf Hotels Group has reported a net profit of BD1.1m in the second quarter of this year compared to BD701,000 in the second quarter of the previous year, with an increase in profit of BD405,000 or 57.73 per cent.

In a statement, the Group said that the total comprehensive income was BD1.1m compared to a profit of BD389,000 for the second quarter of the previous year, an increase in profit of BD721,000 or 85.3pc.

Revenue for the second quarter was BD7.5m, compared to BD6.6m for the same period last year, with an increase of BD891,000 or 13.38 pc.

Source: Bahrain News Agency

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