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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.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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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