Revenue for the quarter is up 14.5% at RM42.6 million amid stronger customer demand
[SINGAPORE] Malaysian retail group Duty Free International reported on Tuesday (Oct 7) a net profit of RM2.6 million (S$798,200) for its second quarter ended Aug 31.
This marks a reversal from the net loss of RM3.2 million that the group posted for Q2 FY2025.
Mainboard-listed Duty Free International operates duty-free retail outlets across Malaysia.
The group attributed its higher net profit for Q2 FY2026 to a 14.5 per cent year-on-year rise in revenue to RM42.6 million.
It said this revenue growth came on the back of “increased customer demand”, adding that it partially offset the impact of a retail outlet’s closure at Bukit Kayu Hitam in Kedah, Malaysia, following a compulsory land acquisition.
Duty Free International also pointed to its lower net foreign-exchange losses, at RM14.3 million, compared with RM93.5 million a year earlier. It noted that most foreign currencies it had held were converted into ringgit during FY2025, thereby “reducing the impact of foreign currency translation differences” in Q2 FY2026.
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The group’s earnings per share for Q2 FY2026 stood at 0.22 sen, compared with a loss per share of 0.27 sen for the same period a year earlier. No dividend was declared.
For the six months ended Aug 31, 2025, Duty Free International posted a net profit of RM4 million, swinging back into the black after a RM1.9 million net loss in the previous corresponding half-year.
Revenue for H1 FY2026 fell by 0.9 per cent to RM74.8 million, from RM75.5 million the previous year.
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Shares of Duty Free International rose S$0.002 or 2.4 per cent higher on Tuesday, closing at S$0.085.
