China Duty Free Group reports profit growth in 2020 Xinhua | Updated: 2021-02-01 11:13 Share CLOSE Customers visit Global Premium Duty Free Plaza in Haikou, South China s Hainan province, on Jan 31, 2021. [Photo/Xinhua]
BEIJING China Duty Free Group Co Ltd (CDFG), a state-owned enterprise operating duty-free business, reported profit growth in 2020.
Its net profits attributable to shareholders grew 32.07 percent year-on-year to reach 6.12 billion yuan ($945.77 million) last year, according to a preliminary financial statement the company filed with the Shanghai Stock Exchange.
Operating revenue jumped by 8.24 percent year-on-year to 52.62 billion yuan during the period, the statement shows.
By the end of 2020, the company s total assets topped 41.97 billion yuan, up 31.89 percent from a year before.