ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China's duty-free island shopping boom powers 142% profit surge

State-owned operator captures gains in Hainan from policy change

HONG KONG -- China's reembrace of travel has produced a clear corporate champion: the country's state-owned duty-free shop operator.

China Tourism Group Duty Free announced this week that net profits for the July-September quarter soared 142% from a year before to 2.23 billion yuan ($331.1 million) as revenues rose 39% to 15.83 billion yuan.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more