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Duty Free posts 12.6% fall in 2Q earnings to $4.1 mil on lower sales

Samantha Chiew
Samantha Chiew • 2 min read
Duty Free posts 12.6% fall in 2Q earnings to $4.1 mil on lower sales
SINGAPORE (Oct 10): Duty Free International (DFI) reported 2Q19 earnings fell 12.6% to RM12.3 million ($4.09 million), compared to RM14.1 million in 2Q18.
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SINGAPORE (Oct 10): Duty Free International (DFI) reported 2Q19 earnings fell 12.6% to RM12.3 million ($4.09 million), compared to RM14.1 million in 2Q18.

This brings 1H19 earnings to RM21.3 million, 26.7% lower than RM29.1 million in 1H19.

Revenue for the quarter was 21.8% lower at RM114.4 million from RM126.3 million last year, largely due to lower availability of certain popular products for sale.

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