The losses of Banader Hotels have widened to about BHD 643,000 ($1.7 million) in the fourth quarter of 2015 as compared to nearly BHD 20,500 ($54,000) in the same quarter of the previous year, according to a bourse filing.
The Bahraini company has posted BHD 1.155 million losses during the fiscal year 2015, compared to BHD 110,000 in the prior year.
The board has proposed to withhold dividends for the fiscal year ended 31 December, 2015.
