Latest news with #BahrainDutyFreeShopComplex
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.
Zawya
13-03-2025
- Business
- Zawya
Bahrain Duty Free plans major global expansion
Bahrain Duty Free Shop Complex is exploring domestic and international expansion, chairman Abdulla Buhindi announced following the company's annual general assembly meeting. Mr Buhindi said the company is seeking additional space at Bahrain International Airport and is open to opportunities abroad, noting a minority stake in an Abu Dhabi project. He paid tribute to the late chairman Farouk Almoayyed, acknowledging his role in the company's establishment. The meeting, held at the Downtown Rotana Hotel, saw the election of a new 10-member board of directors for 2025-2028, comprising Mr Buhindi, Shaikh Khalid bin Ali Al Khalifa, Jehad Yousif Amin, Mohammed Farouk Almoayyed, Mohammed Al Khan, Amal Muhlis, Mohammed Al Sheikh, Ghassan Al Sabbagh, Shaikh Mohammed bin Ali Al Khalifa and Jalal Mohammed Jalal. Additionally, Mohammed Al Zain and Tariq Jassim Fakhro were elected as reserve members. Shareholders approved a 35 per cent cash dividend, equivalent to 35 fils per share, totalling BD4,979,518, to be paid by March 27, 2025. The meeting also approved the 2024 financial statements and the Corporate Governance Report. Discussions arose regarding increasing board members, but it was decided to address the appointment of an independent member at a separate meeting. The extraordinary general assembly approved amendments to authorised signatories, with the chairman and vice-chairman now authorised for all company matters. Previous proxies to the late Farouk Almoayyed were revoked. The assembly also approved revisions to the company's Articles and Memoranda of Association. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
11-02-2025
- Business
- Zawya
Bahrain Duty Free reports $13.27mln net profit for 2024
Bahrain Duty Free Shop Complex announced at a meeting of its board of directors yeterday the financial results for the full year ended December 31, 2024. Abdulla Buhindi, chairman of the board, stated that the company had achieved a net profit of BD344,327 during the fourth quarter of 2024 compared to BD584,334 for the same quarter of the previous year representing a decrease of 41.1 per cent mainly due to impairment of property and land. Earnings per share during the quarter were 24.20 fils compared to 4.10 fils in the same quarter of last year. Total comprehensive loss for the quarter was BD226,327 due to prevailing market conditions and comparing to a loss of BD 325,747 in the same quarter of last year. For the full year ended December 31, 2024, the company achieved a net profit of BD5,015,428 compared to BD4,286,890 in the previous year representing an increase of 17.0pc. Earnings per share as of December 31, 2024, were 35.25 fils compared to 30.13 fils last year. Total comprehensive income increased to BD3,447,428 compared to BD2,388,987 in the previous year representing an increase of 44.3pc. Profits from investments recorded BD6,053,800 for the year compared to BD5,144,877 in the same period last year representing an increase of 17.7pc. For the Year ended December 31 2024 and comparing to December 31 2023, shareholders equity is BD43,490,786 comparing to BD44,416,085 representing a decline of 2.1pc, while total assets stand at BD43,870,257 compared to BD44,732,885, down by 1.9pc. Based on the financial results, the board of directors has recommended for the approval of shareholders at record date, the day on which all shareholders whose names are on the share register will be entitled to dividends, a full year cash dividend of 35pc for share nominal value equivalent to 35 fils per share amounting total of BD4,979,518. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Biz Bahrain
11-02-2025
- Business
- Biz Bahrain
Bahrain Duty Free announces BD 5.0 Million in Net Profits for 2024
Bahrain Duty Free Shop Complex (trading code DUTYF) announced at a meeting of its Board of Directors on Monday February 10th 2025, the financial results for the full year ended December 31, 2024. Mr. Abdulla Buhindi – Chairman of the Board, stated that the company had achieved a net profit of BD 344,327 during the fourth quarter of 2024 compared to BD 584,334 for the same quarter of the previous year representing a decrease of 41.1% mainly due to impairment of property and land. Earnings per share during the quarter were 24.20 Fils compared to 4.10 Fils in the same quarter of last year. Total comprehensive loss for the quarter was BD 226,327 due to prevailing market conditions and comparing to a loss of BD 325,747 in the same quarter of last year. Full Year 2024 For the full year ended December 31, 2024, the company achieved a net profit of BD 5,015,428 compared to BD 4,286,890 in the previous year representing an increase of 17.0%. Earnings per share as of December 31, 2024, were 35.25 Fils compared to 30.13 Fils last year. Total comprehensive income increased to BD 3,447,428 compared to BD 2,388,987 in the previous year representing an increase of 44.3%. Profits from investments recorded BD 6,053,800 for the year compared to BD 5,144,877 in the same period last year representing an increase of 17.7%. For the Year ended December 31 2024 and comparing to December 31 2023, Shareholders Equity is BD 43,490,786 comparing to BD 44,416,085 representing a decline of 2.1%, while Total Assets stand at BD 43,870,257 compared to BD 44,732,885 down by 1.9%. Based on the financial results, the Board of Directors have recommended for the approval of Shareholders at record date, the Day on which all shareholders whose names are on the share register will be entitled to dividends. A full year cash dividend of 35% for share nominal value equivalent to 35 fils per share amounting total of BD 4,979,518
