Latest news with #AbdullaHassanBuhindi
Biz Bahrain
6 days ago
- Business
- Biz Bahrain
Bahrain Duty Free announces BD2.9 Million net profits for the six month ended June 30, 2025
Bahrain Duty Free Shop Complex (trading code DUTYF) announced at a meeting of its Board of Directors on Tuesday 12th 2025, the financial results for the six months ended June 30, 2025. Mr. Abdulla Hassan Buhindi – Chairman of the Board, stated that the company had achieved a net profit of BD 1,297,207 during the second quarter of 2025 compared to BD 1,182,690 for the same quarter of the previous year representing an increase of 9.7%. Earnings per share during the quarter were 9.12 Fils compared to 8.32 Fils in the same quarter of last year. Total comprehensive income for the quarter increased to BD 1,392,155 compared to total comprehensive income of BD 480,901 in the same quarter of last year representing an increase of 189.5%. For the six months ended June 30, 2025, the company achieved a net profit of BD 2,990,477 compared to BD 3,524,016 in the previous year representing a decrease of 15.1%. Earnings per share as of June 30, 2025, were 21.02 Fils compared to 24.77 Fils last year. Total comprehensive income increased to BD 3,567,290 compared to BD 3,104,727 in the previous year representing an increase of 14.9%. Total shareholder's equity for the period ended June 30, 2025, is BD 42,054,652 compared to BD 43,490,786 as at December 31 2024, down by 3.3%. Total Assets as of June 30, 2025, are BD 42,420,859 compared to BD 43,870,257 as December 31, 2024, a decrease of 3.3%. Commenting on the financial results, Mr. Abdulla Buhindi emphasized that the financial results achieved reflect the company's flexibility and ability to adapt to economic challenges and changes in the business environment. He explained that the significant 9.7% increase in net profit during the second quarter, despite competitive conditions, reflects the effectiveness of operational strategies, efficient cost management, and the success of investment initiatives implemented during the recent period. In concluding his remarks, Buhindi reiterated his confidence in the company's ability to continue achieving positive results in the coming periods, thanks to the team's commitment, continued innovation, and focus on objectives, while moving forward to explore new growth opportunities that will enhance the position of Bahrain Duty Free in the commercial sector.
Biz Bahrain
14-05-2025
- Business
- Biz Bahrain
Bahrain Duty Free announces BD 1.7 Million net profits for the three months ended March 31, 2025
Bahrain Duty Free Shop Complex (trading code DUTYF) announced at a meeting of its Board of Directors on Tuesday May 13th 2025, the financial results for the three months ended March 31, 2025. Mr. Abdulla Hassan Buhindi – Chairman of the Board, stated that the company had achieved a net profit of BD 1,693,624 during the first quarter of 2025 compared to BD 2,341,326 for the same quarter of the previous year representing a decrease of 27.7%. Earnings per share during the quarter were 11.91 Fils compared to 16.45 Fils in the same quarter of last year. Total comprehensive income for the quarter decreased to BD 2,175,967 compared to BD 2,624,419 in the same quarter of last year representing a decrease of 17.1%. Total shareholder's equity for the period ending March 31, 2025, is BD 40,667,751 compared to BD 43,490,786 as of December 31, 2024, down by 6.5%. Total Assets as of March 31, 2025, are BD 40,985,592 compared to BD 43,870,257 as December 31 2024, a decrease of 6.6%. Commenting on the results, Mr Abdulla Hassan Buhindi, Chairman of the Board, stated that the strong performance of all investment continued during the period and he was pleased with the good results recorded by the Company and that the investment portfolio has demonstrated solid performance of all sectors within the portfolio.
