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Duty Free Shop Q4 profits soar 60.1%

Duty Free Shop Q4 profits soar 60.1%
Earnings per share reached 64 fils in FY16 (Photo Credit: Arabianeye-Reuters)
Bahrain Duty Free
DUTYF
0.37% 0.54 0.00

Mubasher: Bahrain Duty Free Shop Complex Co achieved a growth of 60.1% in profits during the fourth quarter of 2016, compared to the same period in 2015.

Earnings increased to BHD 2.93 million ($7.67 million) in Q4-16 from BHD 1.83 million ($4.79 million) in Q4-15, according to a bourse filing issued on Tuesday.

During fiscal year 2016, profits shrank by 6.8% to total BHD 8.33 million from BHD 8.94 million in FY15.

Earnings per share reached 64 fils in FY16 from 69 fils in FY15.

Board members recommended a dividend of 60%, as 50% cash dividends and 10% bonus shares.