November 7 2017  |  Retailers

Bahrain Duty Free posts US$15.5 million net profit in Q3

By Hibah Noor

Bahrain Duty Free Shop Complex has announced the financial results for the nine months ended September 30 2017.

Mr Farouk Yousuf Al Moayyed, Chairman of the Board, said that for the nine months ended September 30, 2017 the company has achieved net profits of US$15.5 million, up 9.1% compared to last year’s figure. Sales climbed grew 9.0% to US$62.2 million.

In the three months ended September 30, sales were up 9.4% to US$22,248,135. Net profit of US$5,955,798 rose 10.5% compared to the prior-year quarter.

Mr. Abdulla Buhindi, Managing Director, said profits from investments increased 5.3% to US$4,309,862. The investment portfolio jumped by 19.9% during the year and now stands at US$103.2 million.

He added that the company’s upgrade of all shops in the departures area had had a direct impact on the sales increase during the year, and the retailer remained focused on delivering first class customer service and unique shopping experience for all its customers.

 

Brand News

February 16 2018

Bacardi Global Travel Retail captures…

​Bacardi Global Travel Retail is help celebrate The Year of the Dog for Chinese New Year 2018 (CNY) at 10 airport and railway…

By Jas Ryat

February 16 2018

Martell rings in Chinese New Year…

​Pernod Ricard Global Travel Retail is celebrating Chinese New Year by creating a series pop-up tasting bars in select airports…

By Jas Ryat

February 9 2018

​Whitley Neill Handcrafted Dry…

​Whitley Neill Handcrafted Dry Gin will be introducing the latest flavoursvariants at the Summit of the Americas duty free…

By Jas Ryat

February 5 2018

Oettinger Davidoff announces Jim…

​Oettinger Davidoff AG announced Jim Young, President - Davidoff North America, in a new executive position, Chief Commercial…

By Jas Ryat

February 5 2018

​Luxottica Group and DFS Group…

​Luxottica Group and DFS Group have partnered to launch two new models from the latest Prada…

By Jas Ryat

February 5 2018

Tito's Handmade Vodka gets the…

​After years of sustained economic growth and rapid development, Tito’s Handmade Vodka, is set to expand across both domestic…

By Jas Ryat

February 5 2018

New Diesel store opens its doors…

Diesel started off 2018 with a new store opening at Shanghai Pudong Airport Terminal 2 this past January in partnership with…

By Jas Ryat

February 2 2018

Shiseido Travel Retail embarks…

​Shiseido Travel Retail has unveiled a major campaign targeting millennial travelers, titled #BeautyofTravel, for the launch…

By Jas Ryat

February 2 2018

Furla and Heinemann partner for…

​The international terminal in Ukraine’s Kyiv Zhuliany International Airport has recently been home to a new Furla store…

By Jas Ryat

Copyright 2018 DutyFree Magazine. All rights reserved. Privacy Policy Sitemap