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FINANCIAL NEWS
Bahrain- GHG reports USD7.4m profit in Q1
23 Apr 2013
(MENAFN) Gulf Hotels Group chairman, Farouk Almoayyed announced that the company’s net profit for the first quarter amounted to USD7.4 million, reported Gulf Daily News.
He added that in spite of a decline in revenue from USD21.8 million to USD21.4 million within a year; the Group recorded a 0.19 percent increase in profit.
The hotel operator, which faces an ever changing business environment, said that it will install a new laundry facility, in order to cater for future demand.
Meanwhile, the Group plans to upgrade a holiday village with a luxury spa construction that will begin later this year.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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