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Duty Free International is back in black with 165% increase in earnings for 1HFY22

Lim Hui Jie
Lim Hui Jie • 2 min read
Duty Free International is back in black with 165% increase in earnings for 1HFY22
The profit of RM3.5 million was a reversal from the RM5.4 million loss last year. Photo credit: Duty Free International
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Duty-free retailing group Duty Free International has reported a 165% rise in earnings to RM3.5 million in its 1HFY2023 ended Aug 31, compared to a RM5.4 million loss in the same period a year before.

Revenue for the company in 1HFY2023 rose 29.7% to RM59.1 million, compared to RM45.6 million in 1HFY2022.

Duty Free explained the increase in profit was mainly contributed by higher revenue, along with a higher other operating income of RM1.4 million.

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