Jordanian Duty Free Shops reports healthy profits for 2006

Stefanie Ives

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The duty-free operator announces rise in net profits of 25.4% in 2006

Jordanian Duty Free Shops Company (JDFSC) has revealed net profits were up by 25.4% in 2006 to JD5.24m ($7.4m) compared to the previous year. Sales turnover also increased by 28.7% to JD25.7m ($36.2m) over the same period.

The company holds exclusive rights to operate shops at land and sea borders with 57.6% of its supplies coming from Phillip Morris.

According to reports, the retailer has made good progress with modernising its business in Amman and establishing the Omari border centre. In 2006 work began on the upgrade of outlets at Sheikh Hussein Bridge (northern crossing) and King Hussein Bridge as well as the refurbishment of the Jaber arrivals terminal.

JDFSC forecast that sales from its 12 duty-free outlets would rise by 15% in 2007.