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Shilla Duty Free revenue increases 93% as downtown sales soar


Shilla Duty Free revenue increases 93% as downtown sales soar
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Shilla Duty Free saw revenue jump 93% year-on-year to hit KRW 846.5bn ($736.9m) in the second quarter of 2021.
The impressive results continued the growth trend seen since the start of the year and marked a 34% increase on the figure reported in the first quarter. The figures for Q2 also saw the company’s revenue return to a year-on-year gain.
Downtown sales drove the recovery, increasing 96% year-on-year for the period, while Shilla’s airport sales also jumped 61%.
Looking to the future, a report released with the figures said Shilla will look to continue overcoming the effects of the pandemic and “responding proactively and promptly to changes in the business environment” during the third quarter. ....

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