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11/05/2017 07:40 AST
Bahrain Duty Free has achieved a net profit of US$5.84 million during the first quarter of the year, compared to $4.78 million during Q1 2016, marking an increase of 22 per cent.
Basic earnings per share amounted to US cents 4.1compared 3.4 US Cents last year.
Total sales for the three months ended 31st March 2017were US$19.8 million compared to $18.56 million last year, an increase of6.7 per cent.
Shareholders equity is $129.8 million compared to $13.46 million last year. The reduction in equity is mainly due to a dividend payment during the quarter.
Abdulla Buhindi, managing director of Bahrain Duty Free Complex, said that profits from Investments recorded an amount of $2.25 million compared to $1.71 million last year, representing a growth of 31.5 per cent. The Investment portfolio increased by 15.6 per cent to $99.5 million compared to December 2016.
He went on to say that the company's 2016 Departure shop refurbishment project is nearing completion which at the beginning of this year, saw the opening of the luxury watch boutique, which includes a range of leading international brands.
In the Perfumes & Cosmetics area some Perfumes houses have taken a bigger space showcasing their brands such as, Bulgari, Hermes and Dolce & Gabbana. The company's continuous pursuit of development has a direct impact on raising our level of efficiency of the company and the focus on customer service and satisfaction remains our top priority. -
Trade Arabia
22/02/2018
Bahrain Duty Free Shop Complex has posted a net profit of $18,809,806 during 2017, down from $22,091,013 in the previous year, marking a 14.9 per cent reduction.
The company reported gross
Trade Arabia
27/11/2017
Travel retailer Bahrain Duty Free is taking to the skies as exclusive onboard supplier of inflight retail for Gulf Air, Bahrain's national carrier, giving the airline's passengers the opportunity to
Trade Arabia
08/11/2017
Bahrain Duty Free has achieved a net profit of $15.5 million for the nine months ended September 30 2017, representing an increase of 9.1 per cent compared to the same period last year.
T
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TALABAT | 0.91 | -0.01 (-1.09 |
| AMR | 1.76 | -0.01 (-0.57 |
| ADAVIATION | 5.32 | 0.00 (0.00 |
| ADNH | 0.43 | 0.00 (0.00 |
| ALG | 1,123.00 | 7.00 (0.62 |
28/01/2026
In a new achievement underscoring its institutional leadership and ability to adapt to the rapid transformations shaping today's business environment, National Investments Company announced that it h
Kuwait Times
28/01/2026
Gulf Bank announced the launch of its new application dedicated to SME & corporate enterprise banking, designed to meet the evolving needs of businesses across various sectors. The launch reflects th
Kuwait Times
28/01/2026
Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that, by the grace of Allah, KFH has reported net profit of KD 632.1 million attributable to the shareholders of the bank for
Kuwait Times
28/01/2026
Boubyan Bank announced its financial results for the year ended December 31, 2025, with its net profits growing by 4 percent compared with 2024 to reach KD 100.5 million. Profit Before Tax (PBT) grew
Kuwait Times
28/01/2026
National Bank of Kuwait (NBK) has announced its financial results for the financial year ended December 31, 2025. The bank reported a net profit of KD 575.6 million ($1.9 billion), compared to KD 600
Kuwait Times
Financial Information Co.
Saudi Arabia