BAHRAIN. Bahrain Duty Free Complex has posted a +25.1% year-on-year net profit increase for the three months ended 31 March 2018. Net profit for the period was US$7.3 million.
Sales grew +15.3% to US$22.8 million. Bahrain Duty Free Complex said its strategy in the diversification and quality of goods and its focus on marketing campaigns and customer services had a significant impact on sales growth during the period.
Basic earnings per share amounted to 5.1 US Cent, up +24.4%. Shareholders’ equity was US$130.7 million, compared to US$132.4 million last year (-1.3%).
Profit from investments grew +44.8% to US$3.4 million. The company’s investment portfolio increased by +5.1% to US$105 million.
