AMMAN: Lower earnings and profits during the first quarter (Q1) of this year took the shine off the rock-hard annual 2014 and 2013 financial results at Mediterranean Tourism Investment Company ( METICO ).
METICO , a public shareholding company that owns the Four Seasons Hotel in Amman, earned JD3.9 million during the first three months of this year, 7.1 per cent less than the JD4.2 million earned during the same period in 2014.
The 193 rooms generated JD2.3 million of total earnings, with food and beverages bringing in JD1 million and “others” JD0.6 million. Gross profit generated from the hotel’s operations amounted to JD1.1 million, compared to JD1.3 million.