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FINANCIAL NEWS
Dubai Duty Free reports 11% rise in Jan-Oct sales
26 Nov 2012
(MENAFN) Dubai Duty Free (DDF) executive vice chairman, Colm McLoughlin, stated that in the January-October period, the company’s sales grew 11 percent from a year ago, reaching USD1.29 billion, reported Arabian Business.
McLoughlin said that the company’s full-year sales target of USD1.63 billion is expected to be achieved.
He added that sales of fragrances, which represent 15 percent of DDF’s total sales, reached USD197.87 million, whereas sales of confectionery jumped by 18 percent to USD102.61 million, and sales of electronics rose 11 percent to USD99.88 million.
Passengers from India formed the biggest group of spenders, representing 24 percent of total sales at DDF, followed by Far Eastern passengers, mainly Chinese, while European passengers came in the third place, with 6.4 percent of sales.
It is worth noting that Terminal 1 sales gained 9 percent, whereas Terminal 2 sales jumped by 16 percent and sales at Terminal 3 increased by 12 percent.
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