BAHRAIN. Bahrain Duty Free has posted a pre-tax profit hike of +14.2% to US$17.6 million in the first nine months of 2018.
The company generated US$71.9 million in revenue during the period, an increase of +15.5%.
Revenue in the third quarter of 2018 rose by nearly +15% to reach US$25.35 million. Operating profits for the quarter amounted to US$4.2 million compared to US$3.94 million last year.
Net profits were US$5.39 million compared to US$6.04 million in Q3 2017.
Total comprehensive income for the third quarter was US$5.78 million compared to US$4.86 million in the same period last year.
Bahrain Duty Free operates several duty free outlets and other stores within Bahrain International Airport. It also runs Khalifa Bin Salman Port Shop.
Bahrain Duty Free is a public company and is managed by Aer Rianta International-Middle East.