trending Market Intelligence /marketintelligence/en/news-insights/trending/d9wrp0l7jfmprwcljbuatw2 content esgSubNav
In This List

Bahrain Duty Free Shop Complex BSC Q4 profit falls YOY

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Bahrain Duty Free Shop Complex BSC Q4 profit falls YOY

Bahrain Duty Free Shop Complex BSC said its fourth-quarter normalized net income came to 874,240 Bahraini dinars, a fall of 52.9% from 1.9 million dinars in the prior-year period.

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

The normalized profit margin dropped to 10.3% from 25.3% in the year-earlier period.

Total revenue climbed 16.0% year over year to 8.5 million dinars from 7.3 million dinars, and total operating expenses increased 26.7% from the prior-year period to 7.6 million dinars from 6.0 million dinars.

Reported net income fell 58.4% year over year to 1.2 million dinars, or 9 fils per share, from 3.0 million dinars, or 21 fils per share.

For the year, the company's normalized net income totaled 32 fils per share, a decline of 15.0% from 38 fils per share in the prior year.

Normalized net income was 4.6 million dinars, a fall of 15.0% from 5.4 million dinars in the prior year.

Full-year total revenue rose 10.8% from the prior-year period to 32.0 million dinars from 28.9 million dinars, and total operating expenses increased 13.6% on an annual basis to 26.9 million dinars from 23.7 million dinars.

The company said reported net income decreased 14.9% year over year to 7.1 million dinars, or 50 fils per share, in the full year, from 8.3 million dinars, or 59 fils per share.

As of Feb. 21, US$1 was equivalent to 380 Bahraini fils.