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Duty Free International reports higher earnings with travel resuming

The Edge Singapore
The Edge Singapore • 1 min read
Duty Free International reports higher earnings with travel resuming
The company sees "encouraging signs" of ongoing economic recovery.
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Duty Free International has reported earnings of RM4.5 million, up 159% y-o-y from RM1.72 million. Revenue in the same period was up 50.5% y-o-y to RM37.1 million, as its various outlets have resumed operations.

In contrast, it was only able to keep three of its outlets open in the year-earlier quarter because of how the pandemic put a halt on travel.

The company sees "encouraging signs" of ongoing economic recovery.

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