Bahrain Tourism Q2 profit declines 82%

Mubasher: Bahrain Tourism Company posted on Sunday a year-on-year fall of 81.7% in its net profit for the second quarter of the fiscal year 2016.

Net profit reached BHD 62,590 ($166,000) in Q2-16, versus BHD 341,090 ($409,600) in Q2-15, according to a bourse filing.

In the first half of 2016, net profit declined by 12.7% to BHD 907,597 from BHD 1.04 million in the same period of 2015.

The company earlier reported a net profit of BHD 845,000 for Q1-16, 21% up from BHD 699,400 for Q1-15.

Mubasher Contribution Time: 14-Aug-2016 13:34 (GMT)
Mubasher Last Update Time: 14-Aug-2016 13:34 (GMT)