Duty Free Q2 earnings fall 60% on lower margins, weaker RM

MAINBOARD-LISTED Duty Free International suffered a 60 per cent fall in earnings to RM4.9 million for Q2 ended August, hit by a narrower profit margin and lower net gain in foreign exchange.

Nevertheless, DFI has declared an interim dividend of S$0.005 per share. It did not declare a corresponding dividend last year. DFI expects business conditions to remain challenging over the next year, with continued weakness in currency movements.

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