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FINANCIAL NEWS
Dubai’s Paris Gallery reports 13% jump in 2012 net profit
23 Mar 2013
(MENAFN) Paris Gallery’s CEO, Mohammed Abdul Rahim Al Fahim, announced that the retailer’s net profits for 2012 grew by 13 percent from a year before, reported Arabian Business.
Al Fahim, who didn’t unveil profits’ figure, said that annual revenue surged by 43 percent.
The Dubai-based family-owned business’ perfume sales accounted for over half of 2012’s total sales, followed by watches and jewelry, with 27 percent, fashion 10 percent, and eyewear and accessories, with 6 percent and 5 percent, respectively.
He noted that 50 percent of last year’s sales took place in the UAE, whereas 41 percent were recorded in Saudi Arabia, 7 percent in Qatar and 2 percent in Bahrain.
It is worth noting that in 2013, Paris Gallery plans to expand presence outside the GCC, with stores in Iraq, Azerbaijan and South Africa.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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