LATEST NEWS

Bahrain Duty Free announces BD 7.1 Million Profits for the nine months ended 2015

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Bahrain Duty Free Shop Complex on Tuesday November 10th announced its financial results for the nine months ended September 30 2015. The Company achieved a net profit of BD 7,108,907 an increase of 23.9% compared to same period last year. Basic earnings per share increased 24.4% to 60.6 fils per share.

For the third quarter of 2015, the Company posted a net profit of BD 1,904,121 representing a decline of 14.8% compared to the same period last year. The decline relates to higher 2014 investment income from profits on disposals of investments. The financial results for 2015 show an increase of 3.2% in shareholder equity from BD 44,740,315 (2014 year-end) to BD 46,157,482.

The Group reported Gross Revenues of BD 21,593,677 (BD 20,707,689 in 2014) achieving a 4.3% growth.

Commenting on the results, the Chairman Mr. Farouk Almoayyed, said: that the nine months profits were excellent and complemented the Company’s operational and investment strategies.

 

Managing Director Mr. Abdulla Buhindi added, profits from investments in the nine months up to September were BD 2,777,878 an increase of 27.3% up from BD 2,181,491 last year. The investment portfolio decreased by 1.1% during the period due to the disposal of some investments.

Added on 11 November, 2015

Winner of the Mercedes CLS-400 Car Draw No. 291

Bahrain Duty Free congratulates the winner of the Mercedes CLS-400 – Mr. Khalid Abdulla "Indian” ticket number – 0187

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Pictured above (left to right): Ms. Luzviminda De Mesa (Beauty Advisor), Mr. Dominic Carroll (Head of Finance), Mr. Khalid Abdulla (Winner), Mr. Sujat Ameen (Business Support Manager), Ms. Jean Silveira (HR Manager), Mr. Shane O’Sullivan (Head of Purchasing) & Mr. Sadeq Ismaeel (Category Manager).

Added on 04 November, 2015

Winner of the MERCEDES CLS-400 Car Draw No. 291

Bahrain Duty Free congratulates the winner of the MERCEDES CLS-400 – Mr. Khalid Abdulla “Indian” ticket number – 0187

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Pictured above (left to right) Mr. Jose Martin (Sales Assistant), Mr. Jamal Alhaji (Head of Terminal Operations),   Mr. Hisham Al Saloom  (Deputy Head of Operations), Mr. Dominic Carroll (Head of Finance). Ms. Crisenchia Almeida (Passenger - who drew the winning ticket), Mr. Fadi Allam (General Manager), Ms. Jean Maria (HR Manager), Mr. Sadeq Ismaeel (Category Manager), Mr. Hitarth Mankondi (- Director - Terminal Operations), Ms. Aneesa Rohail (Sales Assistant).

Added on 28 October, 2015

Winner of the BMW 740Li Car Draw No. 290

Bahrain Duty Free congratulates the winner of the BMW 740Li – Mr. Andrew Torma  "Canadian” ticket number – 0040

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Pictured above (left to right) Ms. Jean Maria (HR Manager), Mr. Dominic Carroll (Head of Finance), Mr. Sujat Ameen (Business Support Manager), Mr. Andrew Torma (Winner), Mr. Fadi Allam (General Manager), Mr. Domnick O’Reilly (Head of Operations), Mr. Salman Saloom – Sales Supervisor.

Added on 14 September, 2015

Winner of the BMW 740Li Car Draw No. 290

Bahrain Duty Free congratulates the winner of the BMW 740Li – Mr. Andrew Torma  "Canadian” ticket number - 0040

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Pictured above (left to right) Mr. Hisham Al Saloom  (Deputy Head of Operations), Mr. Domnick O’Reilly (Head of Operations), Mr. Sujat Ameen (Business Support Manager), Mr. Fadi Allam (General Manager), Mr. Bassam Al Wardi (Deputy General Manager), Ms. NN (Passenger - who drew the winning ticket),  Ms. Deirdre Spillane (Head of Purchasing), Mr. Dominic Carroll (Head of Finance).

Added on 09 September, 2015

Winner of the BMW i8 Car Draw No. 289

Bahrain Duty Free congratulates the winner of the BMW i8– Mr. John Eldredge "Australian" ticket number 0104

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Pictured above (left to right) Ms. Jennifer Soriano (Sales Assistant) Mr. Sujat Ameen (Business Support Manager), Mr. Dominic Carroll (Head of Finance),  Mr. John Eldredge (Winner), Ms. Deirdre Spillane (Head of Purchasing).

 

Added on 08 September, 2015

Bahrain Duty Free announces BD 5.2 Million Profits for the first half of 2015

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Bahrain Duty Free Shop Complex on Wednesday August 12th announced its financial results for the second quarter ended June 30 2015. The Company achieved a net profit of BD 2,874,411 an increase of 70.2% compared to same quarter last year. The main contributor to this growth was from investment income.

For the six months of 2015, the Group posted a net profit of BD 5,204,786 representing a 48.6% growth compared to the same period last year. Basic earnings per share increased by 49.2% from 29.7 to 44.3 fils per share. The financial results for 2015 show an increase of 5.1% in shareholder equity from BD 44,740,315 (2014 year‐end) to BD 47,030,753.

The Group reported Gross Revenues of BD 13,995,503 (BD 13,786,633 in 2014) achieving a 1.5% growth. Commenting on the results, the Chairman Mr. Farouk Almoayyed, said: that the first six months profits were excellent and complemented the Company’s operational and investment strategies. In addition, he said that the Board of Directors has recommended a cash dividend of 20% to the shareholders amounting to 20 fils per share.

Managing Director Mr. Abdulla Buhindi added, profits from investments for the half year were BD 2,278,030 an increase of 106.3% in the period up from BD 1,104,371 last year. The investment portfolio decreased by 2.7% during the period due to the disposal of some investments.

Added on 13 August, 2015

Winner of the BMW i8 Car Draw No. 289

Bahrain Duty Free congratulates the winner of the BMW i8– Mr. John Eldredge "Australian" ticket number 0104

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Pictured above (left to right) Mr. Sujat Ameen (Business Support Manager), Mr. Domnick O’Reilly (Head Of Operations), Mr. Helal Al Saadoon ( BAC - Terminal Operations Manager), Mr. Bassam Al Wardi (Deputy General Manager), Ms.Ha Vu (Passenger - who drew the winning ticket), Mr. Fadi Allam (General Manager), Mr. Dominic Carroll (Head of Finance), Ms. Deirdre Spillane (Head of Purchasing), Mr. Fadhel (Sales Assistant) & Mr. Hisham Al Saloom  (Deputy Head Of Operations).

Added on 12 August, 2015

Winner of the MERCEDES S400 Car Draw No. 288

Bahrain Duty Free congratulates the winner of the MERCEDES S400 – Ms. Maysoun Ghazal  "Kuwaiti" ticket number 0345

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Pictured above (left to right) Mr. Sujat Ameen (Business Support Manager), Mr. Dominic Carroll (Head of Finance), Mr. Bassam Al Wardi (Deputy General Manager ), Ms. Maysoun Ghazal (Winner, Ms. Deirdre Spillane (Head of Purchasing).

Added on 09 July, 2015

Winner of the MERCEDES S400 Car Draw No. 288

Bahrain Duty Free congratulates the winner of the MERCEDES S400 – Ms. Maysoun Ghazal  "Kuwaiti" ticket number 0345

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Pictured above (left to right) Ms. Safa Hassan (Sales Assistant), Mr. Sujat Ameen (Business Support Manager), Mr. Domnick O’Reilly (Head Of Operations), Mr. Bassam Alwardi (Deputy General Manager), Ms. Karen Hunt (Passenger - who drew the winning tickets), Mr. Helal Al Saadoon ( BAC - Terminal Operations Manager), Mr. Dominic Carroll (Head of Finance), Mr. Jose Martin (Sales Assistant), Ms. Deirdre Spillane (Head of Purchasing),

Added on 08 July, 2015