Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.Bahrain Duty Free’s sales soar 15.3% in first quarter 2018
By Charlotte Turner |
Bahrain Duty Free Complex, operated by Aer Rianta International (ARI) registered total sales of BD 8.6m ($22.8m) for the three months ended 31 March 2018; an increase of 15.3% over BD 7.5m registered for the same period last year.
During a board meeting, Chairman Farouk Yousuf Al Moayyed disclosed that net profit grew by 25.1% to BD 2.7m ($7.1m) in the same period. Last year the company registered sales of BD 2.2m ($5.8m).
Company Managing Director, Abdulla Buhindi added: “Profit from investments recorded an amount of BD 1.3m compared to BD 878,000 last year, representing a growth of BD 393,000 or 44.8%.
Left: Farouk Yousuf Al Moayyed, Chairman of the Board, Bahrain Duty Free; Right: Company Managing Director, Abdulla Buhindi.
“The investment portfolio increased by 5.1 % to BD 39.6m.”
Buhindi also highlighted that the company’s diversification strategy and its pledge to improve quality of goods as well as focus on marketing campaigns and customer services had a significant impact on sales growth during the period.
Valentino Beauty debuts Anatomy of Dreams collection at Dubai Duty Free
L’Oréal Travel Retail and Valentino Beauty have introduced the Anatomy of Dreams fragrance...
Guerlain unveils Tale of Wonders Christmas collection
This year, Guerlain has partnered with artist Aurély Cerise, who elevates paper into art, to...
Moët Hennessy Travel Retail launches Hennessy Paradis Zodiac Miniatures
Moët Hennessy Travel Retail has launched the Maison’s first-ever collectible miniature set,...
In the Magazine
TRBusiness Magazine is free to access. Read the latest issue now.
