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Bahrain Duty Free Shop Q4 profits fall; dividends proposed

Bahrain Duty Free Shop Q4 profits fall; dividends proposed
Photo Credit: Arabianeye-Reuters
BDFS
DUTYF
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Mubasher: Bahrain Duty Free Shop Complex Company reported BHD 1.83 million ($4.82 million) profits in the fourth quarter of 2015, compared to BHD 2.83 million ($7.45 million) in the same quarter of 2014.

Thus, the Bahraini company registered an annual decline of 35.3% or BHD 995,300 in Q4-15.

In the fiscal year 2015, Bahrain Duty Free Shop saw a 4.4% rise in profits to BHD 8.9 million, compared to BHD 8.5 million in FY14.

Earnings per share reached 76 fils in FY15, 4.1% higher from 73 fils in FY14.

The board of directors has recommended distributing 50% cash dividends or 50 fls per share payout as well as 10% bonus shares for the fiscal year 2015.