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Bahrain Duty Free Shop Complex BSC Q3 profit climbs 11.1% YOY

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Bahrain Duty Free Shop Complex BSC Q3 profit climbs 11.1% YOY

Bahrain Duty Free Shop Complex BSC said its normalized net income for the third quarter came to 1.3 million Bahraini dinars, a gain of 11.1% from 1.2 million dinars in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 17.4% from 16.3% in the year-earlier period.

Total revenue grew year over year to 7.7 million dinars from 7.4 million dinars, and total operating expenses fell year over year to 6.1 million dinars from 6.2 million dinars.

Reported net income increased 6.0% year over year to 2.0 million dinars, or 14 fils per share, from 1.9 million dinars, or 13.5 fils per share.

As of Nov. 8, US$1 was equivalent to 380 Bahraini fils.