02 Aug 2010
(MENAFN) Gulf News reported that Jewellery retailer Damas International Limited (Damas) made a full year net loss of $517.2 milion due to a drop in sales and after it allocated $517.2 million for outstanding receivables.
Damas said its revenue dropped 31 percent to $898 million in the fiscal year ended March 31, while gross profit fell 33 percent to 1253 million in the same period.
It blamed the impact of the global financial crisis, lower consumer confidence and higher gold prices for the decline in profitability.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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