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 rise in revenue, by 14.5 per cent year on year to RM42.6 million.
It said the revenue growth came on the back of “increased customer demand”, adding that this 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 closed S$0.002 or 2.4 per cent higher on Tuesday to reach S$0.085.
