Duty Free International Ltd (SGX: 5SO) is the largest multi-channel duty-free and duty paid retailing group in Malaysia. Through its ZON brand of retail shops, the company serves customers across all major entry and exit points in Peninsular Malaysia. At the time of writing, Duty Free International shares are up 6.8% to S$0.205. What could be the reason behind the share price jump? Financial results The most probable reason behind the euphoria is Duty Free International’s solid financial results for the third quarter ended 30 November 2018, which was released after the stock market closed yesterday. Revenue for the reporting period climbed 19.3% to RM157.0 million from RM131.6 million a year ago. The higher sales was primarily due to an increase in demand for certain products and better

If you’ve ever flown on a commercial airplane before, chances are you’ve seen an in-flight catalogue under your seat pocket. You may have noticed flight attendants pushing carts filled with merchandise down the plane’s narrow aisles, who are only interrupted by customers who want to make a purchase. According to a 2016 report by m1nd-set Generation, a Swiss-based airline research agency, while duty free sales are projected to double by 2025, inflight sales are expected to fall 1.5% per annum. In recent years, three major American airlines including United Airlines, Delta Airlines and American Airlines have abandoned inflight shopping on the back of weak inflight sales. In a message to employees, United Airlines said its inflight shopping business was unable to compete with airport du