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Corporate digest

Published Wed, Jul 11, 2018 · 09:50 PM

Duty Free International

DUTY Free International posted a 39.9 per cent drop in net profit to RM9 million (S$3 million) for the first quarter, on a 28.9 per cent decrease in revenue. Earnings per share for the three months ended May 31 was 0.74 sen compared to 1.24 sen for a year-ago period.

The group said its Q1 bottom line was hit by lower recorded revenue, RM3 million of donations and absence of gain arising from changes in fair value of option amounting to RM6 million compared to the corresponding quarter last financial year.

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