Arab Finance: Misr Duty Free Shops has reported a 19.01% year-on-year (YoY) increase in consolidated profits after tax and attributable to the parent company during the elapsed fiscal year (FY) 2023/2024 hitting EGP 350.404 million, compared to EGP 294.422 million, as per a filing on August 8^th.

Meanwhile, net sales surged to EGP 1.175 billion from EGP 1.141 billion.

The firm garnered EGP 349.462 million in standalone net profits after tax, compared to EGP 294.361 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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