Hyundai Duty Free Returns to Profit Despite Falling Sales

Hyundai Duty Free returns to profit despite falling sales

The retailer attributed increased numbers of tourists and “stable growth” in airport stores for its improved performance The post Hyundai Duty Free returns to profit despite falling sales appeared first on DFNI.

Hyundai Duty Free returns to profit in H1 while group department store sales to foreigners surge

The opening of Hyundai Duty Free’s DF2 concession at Incheon International Airport in April has boosted the retailer’s revenue and buying power, in turn delivering margin upside across both airport and downtown channels SOUTH KOREA. Hyundai Duty Free’s operating profit improved by KRW12.8 billion (US$9.3 million) year-on-year to KRW9.6 billion (US$6.95 million) in the first half ended 30 June. The sharp move into positive territory came despite …