Arab Finance: Misr Duty Free Shops has reported a 19.4% year-on-year (YoY) increase in standalone net profits after tax during the first nine months of FY2023/2024, as per a disclosure on May 12^th.

Standalone net profits recorded EGP 252.039 million in the January-March period, compared to EGP 211.032 million.

Meanwhile, total standalone operating revenues surged to EGP 880.587 million from EGP 830.681 million.

Established in 1975, the public shareholding company is engaged in the import and sale of duty-free goods in foreign and local currencies. It also sells products to consumers without being exempted from taxes in sales fairs at air, sea, and land ports. In addition, it offers several brands and types of alcoholic beverages, tobacco, fragrances, gift items, electrical and household appliances, and housewares.

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