Ubar Hotels & Resorts SAOG (UBAR) Earnings Call Transcript & Summary

[Technical Difficulty] parent company recorded a revenue of OMR 1.42 million last year it was at 3.3 million [indiscernible] OMR 61,000 that's 4%. Gross loss recorded at OMR 172,000 in 2023 it was OMR 187,000. So there is a reduction in the gross loss of OMR 15,000 that is 8%. Net losses for the year OMR 1.1 million that is because of the impairment loss for the subsidiary. [Audio Gap] the year OMR 1.1 million. Last year, it was OMR 210,000. It is because of the [Technical Difficulty] we should book the [indiscernible] losses on behalf of the subsidiary [indiscernible] recorded at OMR 1 million last year it at OMR 1.3 million [Technical Difficulty]. There is a reduction of revenue to [ OMR 259 ] because the main reason for the reduction, there is a change of brand by the party as a managed property from 1st of Jan. This property has taken over by the government and reason for the losses during this transition challenges was there and we have got -- property was OTA channels for the 2, 3 months. However, the [indiscernible] 2024. Gross loss report operating cost, still it was OMR 1.8 million. So there is a reduction in the operating cost of OMR 107,000 at OMR 636,000. Last year, it was OMR 485,000. So there is an increase in the -- it is mainly because of the reduction in the revenue. Net losses for the year [ OMR 857 ] last year, it was OMR 656,000. So there is an increase in net losses also OMR 106,000. Occupancy at 46%. Last year, it was 57%. ADR OMR 17 for the subsidiary company last year it was OMR 21. Over this market has improved. So from 2025 onwards, company will start improving. Revenue will achieve the budgeted -- whatever the budgeted for the 2025 and company will turn into [indiscernible] this is the statement of financial position as of 30, '24. Our noncurrent asset is at OMR 9.1 million. Last year, it was OMR 9.3 million. Our last year OMR 648,000. Total asset reported OMR 9.8 million compared to the last year of OMR 10 million. This is the statement recorded at OMR 3 million. Last year, it was OMR 2.8 million. Last year, OMR 2.8 million. The current liabilities recorded was OMR 2.2 million. The total liability is OMR 5.5 million 2024 compared to the last year of OMR 5 million. This is the graphical representation of performance of the overall hotels. Total revenue OMR 2.8 million. Last year, it was OMR 2.7 million. GOP recorded OMR 439,000 compared to the last year of 275. ARR is recorded 24 budgeted was 28 and last year it was 26. Occupancy recorded at 51% compared to the last year of 51% budgeted 52%. RevPAR is at compared to the last year of 13 and budget at 14. Total revenue per occupied room at OMR 51 compared to the last year of INR 49 and the budget was OMR 52. Total available room is recorded at 23. This is the property wise graphical representation. [indiscernible] OMR 1.4 million compared to the last year of OMR 1.3 million and the budget was OMR 1.4 million. Operation [indiscernible] recorded at OMR 35,000 compared to the last year of OMR 15,000 is at OMR 34 Golden Tulip Nizwa, last year it was OMR 36 and the budget was OMR 37. [indiscernible] last year, it was 43% and the budget is also the same 43%. RevPAR total revenue per occupied room, OMR 72. Last year, it was OMR 73. Total revenue per occupied room OMR 33, last year, it was OMR 31. Muscat property revenue recorded at OMR 1.06 million, last year was OMR 1.3 million. The reason we have explained earlier. GOP losses recorded at OMR 398,000 the last year OMR 228,000. ARR in OMR 17, last year it's got OMR 21. Occupancy at 55% last year it was up 7%. REVPAR is at OMR 10 last year it was OMR 33. [indiscernible] it was 37 and [indiscernible] total revenue for [indiscernible] last year it was OMR 21 and [indiscernible] OMR 23. So this was a smart presentation and the financials of the Ubar Hotels & Resorts. All records of [indiscernible] Ubar Hotels & Resorts.

Any questions from your side? Any questions? Hello. Okay. I think there's -- with this, I'm concluding this meeting. Thank you for all joining us. Thank you.