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FINANCIAL NEWS
Egypt Duty Free revenues up 13.7 percent
18 Jul 2016
(MENAFN) Egypt Duty Free profits increased by 13.7 percent this year due to differences in currency exchange rates, following the devaluation of the Egyptian pound.
Moreover, the activity is influenced by the movement of foreign currencies against the Egyptian pound, particularly the US dollar and the euro.
Meanwhile, net profits of Egypt Duty Free grew to reach USD 6.8mn in financial years 2015/2016, compared to a net profit of USD 6.05mn the year before.
However, tourism declined over the past five years, especially after the downing of the Russian aircraft over the Sinai Peninsula in Oct 2015.
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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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