Sunday 23 December 2012

Dubai Duty Free soars to record profits - The National

Dubai Duty Free made almost Dh1.5 billion (US$408 million) in profits this year as the 57 million passengers passing through the emirate's international airport lifted sales to an all-time high.

The airport retailer is expected to generate just less than Dh5.9bn in revenue, on sales that included some 23,000 iPads, about two tonnes of gold and more than two million bottles of perfume.

The profit disclosure reveals that Dubai Duty Free now makes more money than global big names such as Harrods, Selfridges and Debenhams and has one of the strongest profit margins in retail.

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