Gulf Hotels Group, the owner and operator of the Gulf Hotel, Gulf Convention and Exhibition Centre, Gulf Executive Residence and Gulf Brands International, said it posted a net profit of BD3.151 million ($8.359m) in the first quarter of this year, compared to BD2.429m achieved in the same period last year, an increase of 30%. Gross operating revenue for the period was BD7.973m compared to BD6.924m in Q1 last year, an increase of 15%.