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Profits surge 65% at Jordanian Duty Free ShopsProfits surge 65% at Jordanian Duty Free Shops
Gavin Lipsith
3-Apr-2006
The border operator's results were boosted by a 37% increase in sales across its network of 16 stores
Jordanian Duty Free Shops has posted a 65% increase in net profit for the financial year 2004-5. The increase, to JD4.1m ($5.8m), was driven by a 37% increase in sales, to JD20m ($28.2m) across is network of 16 border stores.Jordanian Duty Free Shops was established as a public company 10 years ago and is 40% privately owned.
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(17-Mar-2005) - The Middle Eastern border operator boosts profits by two-thirds in 2004
(12-Mar-2007) - The duty-free operator announces rise in net profits of 25.4% in 2006
(1-Apr-2002) -
(24-Apr-2006) - The retailer has reopened its Amman downtown shop following renovation and enlargement
(1-Feb-2003) - Greek operator Hellenic Duty Free Shops has announced that profits for the year 2002 grew by over a third from the previous year