Bahrain Duty Free posts +9.1% net profit increase in first nine months

BAHRAIN. Bahrain Duty Free Complex posted a +9.1% year-on-year net profit increase in the nine months ended September 30, to US$15.5 million.

Sales grew +9.0% to US$62.2 million. The company said an upgrade of all its Bahrain International Airport departures shops drove the gains.

Travel upgrade: Bahrain Duty Free’s upgrade of its airport departure stores has paid off handsomely

Shareholder’s equity on 30 September stood at US$131.8 million, a -2.1% decrease. Earnings per share rose +9.1% to 10.9 US Cents.

In the three months ended 30 September, sales rose +9.4% to US$22.25 million. Net profit increased +10.5% to US$5.9 million.

Profits from investments climbed +5.3% to US$4.3 million. The investment portfolio increased by +19.9% during the year to US$103.2 million.

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