Duty Free International's Q2 profit up 60.8%

SINGAPORE - Higher revenue has helped Duty Free International to report a 60.8 per cent jump in its second quarter net profit to RM12 million ($4.7 million).

The firm said revenue for the three months ended Aug 31 rose 4.9 per cent to RM136.7 million due to higher contributions from the trading of duty free goods and merchandise.

Earnings per share was 1.09 sen at the end of August, up from 0.75 sen for the same period a year ago.

The net asset value per share stood at 36.7 sen at the end of August, down from 37.31 sen at the end of February.

The firm has declared an interim dividend of 0.75 Singapore cent per share.