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Duty Free posts 1.6% increase in 2Q earnings to $4.5 mil

Samantha Chiew
Samantha Chiew • 2 min read
Duty Free posts 1.6% increase in 2Q earnings to $4.5 mil
SINGAPORE (Oct 11): Duty Free International (DFI) announced that its 2Q18 earnings increased 1.6% to RM14.1 million ($4.53 million) from RM13.8 million in 2Q17.
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SINGAPORE (Oct 11): Duty Free International (DFI) announced that its 2Q18 earnings increased 1.6% to RM14.1 million ($4.53 million) from RM13.8 million in 2Q17.

Revenue for the three months ended August dropped 5.5% to RM148.3 million compared to RM157.0 million the previous year.

This was due to lower demand from customers in certain products following the implementation of Goods and Services Tax at border outlets and duty free zones from Jan 1.

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