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FINANCIAL NEWS
Bahrain Duty Free profit hits USD22.7m in 2014
18 Feb 2015
(MENAFN) Airport retailer Bahrain Duty Free registered record net profits of USD22.7 million in 2014 marking a 32.7 percent increase year-on-year, Arabian Business reported.
In 2014, Bahrain Duty Free said profit from investments reached USD9.93 million, a surge of 75.8 percent year-on-year, according to its fiscal statement.
Net profit in the fourth quarter increased to USD7.48 million from USD3.92 million in 2013. Shareholder equity grew 7.5 percent reaching USD118.7 million, and company’s investment portfolio increased by 15.5 percent to USD76.6 million.
Increased sales are attributed to continued focus on variety and quality, and on new marketing campaigns and customer service, board chairman said in a statement.
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