BAHRAIN. Bahrain Duty Free has announced a -8.6% fall year-on-year in net profits for the second quarter of 2019 to US$4.56 million. This came due to a decrease in investment income.
The results for April to June of this year showed an operating profit of US$3.96 million, a +1.1% jump on the second quarter of 2018. Sales for the quarter were US$23.68 million, a +1.2% increase on the same period in 2018.
Revealing its results for the full first half of the year, Bahrain Duty Free reported total net profit of US$11.4 million, a decrease of -7.3% year-on-year. Operating profit was up +3.2% at US$8.11 million and total comprehensive income was up +10.5% to US$14.12 million.
Bahrain Duty Free Managing Director Abdulla Buhindi said profits from investments for the six-month period had seen a -26.1% year-on-year drop to US$3.28 million.
Buhindi commented: “We have focused our efforts on increasingly supporting the sales process that has contributed to an increase in the average transactional value including our customer service efficiency.”
He added that the development programme of Bahrain International Airport was progressing and would only continue to improve the passenger experience.
