Bahrain Duty Free Q1 profit up 22pc to $5.8m

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

News

Bahrain Duty Free 2017 net profit hits $18.8m

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

Bahrain Duty Free, Gulf Air inflight partnership takes off

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

Bahrain Duty Free 9-month profits rise 9.1pc to $15.5m

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

Most Viewed Companies

Ticker Price Volume

Valuation

DUTYF Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
TALABAT 0.86 0.00 (0.00%)
AMR 1.83 0.00 (0.00%)
ADAVIATION 5.11 -0.04 (-0.78%)
ADNH 0.39 -0.01 (-2.50%)
JAZEERA 1,668.00 -56.00 (-3.25%)

Recent News

Global Finance names KFH as 'Best Bank for Sustaining Communities in the Middle East'

24/04/2026

Kuwait Finance House (KFH) has been named "Best Bank for Sustaining Communities in the Middle East" by Global Finance magazine, as part of its Sixth Annual Sustainable Finance Awards, recognizing out

Kuwait Times

Dubai Taxi Company expands fleet with 600 new taxi plates

24/04/2026

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has acquired another 600 new licence taxi plates through the latest auction conducted by the Dubai Roads and

Trade Arabia

Emirates Islamic operating profit rises 7% to $299.52m in Q1

24/04/2026

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has reported an operating profit of AED1.1 billion ($299.52 million) for the quarter ending March 31, 2026, 7% growth o

Trade Arabia

ADCB delivered record Q1 profit before tax of $1bn

24/04/2026

ADCB, a leading UAE banking group, has delivered record profit before tax of AED3.781 billion in Q1'26, up 30% year on year, extending profit growth track record to 19 consecutive quarters.

Trade Arabia

Al Salam Bank sells its stake in Gulf African Bank

24/04/2026

Bahrain headquartered-Al Salam Bank has announced the sale of its 20.94% stake in Gulf African Bank, the largest Islamic Bank in Kenya.

The sale forms part of AL Salam Bank's broader group

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap