The Group’s total revenue showed an increase of 4.9% or RM6.4 million from RM130.3 million in 2Q FY2014 to RM136.7 million in 2Q FY2015. Higher revenue recorded in 2Q FY2015 was mainly contributed from the trading of duty free goods and non-dutiable merchandise ("Duty Free") segment which showed an increase of 5.0% or RM6.5 million.
The improvement was mainly due to an increase in demand for certain products as well as contributions from a new outlet at Kuala Lumpur International Airport 2 (“KLIA2”) which commenced operations in July 2014.
Dividend 0.75 cents. Almost every quarter duty free declare dividends
Giving dividend almost every quarter acting like a retail reit.
Supported by share buyback whenever price drop below 29 cents.
KLIA2 started in July. The latest result only take in half of July and August (financial period June to Aug), so next quarter results should take in full result for KLIA2 sales, which means even better result next quarter
By 15 Oct, they are getting a cash of $50million ringgit from berjaya, so next quarter expect good dividend. (next quarter Sep to Nov).
Duty Free International Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that the Company is contemplating seeking a dual primary listing on the main board of the SEHK.
Now 29 cents, the share price should firm up beyond 30 cents going forward.
The warrants will rise in tandem. Exercise price of 35 cents --- the wrts have a chance to come out from below water. Stay tuned.
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