China Tourism Group Duty Free Corporation Limited Class H (HK:1880) has released an update.
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China Tourism Group Duty Free Corporation Limited reports a decrease in total operating income, operating profit, and net profit for the first half of 2024, indicating a drop compared to the previous year’s figures. Despite a challenging external market environment, the company has seen a resurgence in its traditional duty-free business with increased revenue and profitability, particularly from Beijing and Shanghai airport stores. Additionally, they’ve strengthened their market share in Hainan and expanded both overseas and domestic operations, including winning bids for duty-free store rights at various international airports.
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