DUTY FREE INTERNATIONAL LIMITED

(Company Registration No. 200102393E) (Incorporated in the Republic of Singapore)

UNAUDITED FINANCIAL STATEMENTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 NOVEMBER 2016

1

DUTY FREE INTERNATIONAL LIMITED

(Company Registration No. 200102393E) (Incorporated in the Republic of Singapore)

Part 1 - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1,Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS

1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year

Consolidated Income Statement Group Group Third quarter ended 30 November Nine months ended 30 November Restated Restated 2016 2015 Increase/ 2016 2015 Increase/ (Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) Note RM '000 RM '000 % RM '000 RM '000 %

Revenue

132,978

152,894

-13.0%

482,565

442,538

9.0%

Changes in inventories

361

49,391

-99.3%

(59,138)

83,258

n.m

Inventories purchased and material consumed

(87,812)

(150,872)

-41.8%

(273,663)

(385,507)

-29.0%

Other operating income

1(a)(ii)

11,972

2,742

336.6%

18,724

8,304

125.5%

Employee benefits expenses

(9,350)

(8,274)

13.0%

(28,428)

(24,679)

15.2%

Rental of premises

(11,833)

(11,366)

4.1%

(34,937)

(30,947)

12.9%

Utilities and maintenance expenses

(1,652)

(1,359)

21.6%

(4,389)

(3,972)

10.5%

Depreciation and amortisation

(1,435)

(1,229)

16.8%

(4,157)

(3,639)

14.2%

Commission expenses

(530)

(593)

-10.6%

(1,722)

(1,661)

3.7%

Professional fees

(602)

(695)

-13.4%

(1,131)

(2,696)

-58.0%

Promotional expenses

(381)

(328)

16.2%

(1,051)

(1,029)

2.1%

Financial expenses

(195)

(631)

-69.1%

(1,216)

(1,862)

-34.7%

Other operating expenses

1(a)(iii)

(5,270)

(8,028)

-34.4%

(18,706)

(22,279)

-16.0%

Profit before income tax

26,251

21,652

21.2%

72,751

55,829

30.3%

Income tax expenses

1(a)(iv)

(3,992)

(4,903)

-18.6%

(15,239)

(15,104)

0.9%

Profit for the period

22,259

16,749

32.9%

57,512

40,725

41.2%

Profit attributable to:

Owners of the Company

21,231

16,772

26.6%

54,915

40,794

34.6%

Non-controlling interests

1,028

(23)

n.m

2,597

(69)

n.m

22,259

16,749

32.9%

57,512

40,725

41.2%

n.m - denotes not meaningful

1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year (cont'd)

Consolidated Statement of Comprehensive Income Group Group Third quarter ended 30 November Nine months ended 30 November Restated Restated 2016 2015 Increase/ 2016 2015 Increase/ (Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) RM '000 RM '000 % RM '000 RM '000 %

Profit for the period 22,259 16,749 32.9% 57,512 40,725 41.2%

Other comprehensive income:

Foreign currency translation - - - - - -

Total comprehensive income for the period/year 22,259 16,749 32.9% 57,512 40,725 41.2% Total comprehensive income attributable to:

Owners of the Company 21,231 16,772 26.6% 54,915 40,794 34.6%

Non-controlling interests 1,028 (23) n.m 2,597 (69) n.m

22,259 16,749 32.9% 57,512 40,725 41.2%

n.m - denotes not meaningful

1(a)(ii) Other operating income

Other operating income includes:-

Group Group Third quarter ended 30 November Nine months ended 30 November 2016 2015 Increase/ 2016 2015 Increase/ (Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) RM '000 RM '000 % RM '000 RM '000 %

Rental income from:

- advertisement space

407

948

-57.1%

1,911

2,875

-33.5%

- property, plant and equipment

144

177

-18.6%

434

470

-7.7%

Commission income

21

20

5.0%

296

172

72.1%

Incentive income

46

51

-9.8%

174

165

5.5%

Interest income

1,381

1,077

28.2%

3,774

3,295

14.5%

Loss on disposal of property, plant and equipment

-

(1)

-100.0%

-

(6)

-100.0%

Reversal of impairment losses for:

- property, plant and equipment

-

228

-100.0%

-

607

-100.0%

- land use rights

-

40

-100.0%

-

118

-100.0%

Net foreign exchange gain

9,572

-

n.m

11,423

-

n.m

1(a)(iii) Other operating expenses

Other operating expenses is arrived at after charging/(crediting) the following:-

Group

Third quarter ended 30 November

2016 2015

(Unaudited) (Unaudited) RM '000 RM '000

Increase/ (Decrease)

%

Group

Nine months ended 30 November

2016 2015

(Unaudited) (Unaudited) RM '000 RM '000

Increase/ (Decrease)

%

Assessment and quit rent

203 270

-24.8%

722 729

-1.0%

Auditors' remuneration

305 290

5.2%

1,042 739

41.0%

Bad debts written off

- -

0.0%

- 8

-100.0%

Bank charges

491 462

6.3%

1,433 1,093

31.1%

Donations

93 523

-82.2%

1,121 548

104.6%

Insurance

539 355

51.8%

1,691 1,293

30.8%

Inventory written down

113 -

n.m

360 -

n.m

Inventory written off

18 20

-10.0%

61 56

8.9%

Management fee

779 500

55.8%

2,142 1,500

42.8%

Net foreign exchange loss

- 2,180

-100.0%

- 6,678

-100.0%

Packing materials

230 222

3.6%

655 592

10.6%

Property, plant and equipment written off

23 47

-51.1%

36 79

-54.4%

Transportation costs

794 1,543

-48.5%

3,830 3,902

-1.8%

Travelling expenses

237 197

20.3%

834 648

28.7%

Provision/(reversal) of inventories written down

24 (202)

n.m

(244) (202)

20.8%

n.m - denotes not meaningful

Duty Free International Limited published this content on 12 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2017 09:20:10 UTC.

Original documenthttp://dfi.listedcompany.com/newsroom/20170112_171347_5SO_DS7IZPYY5KKDST6X.1.pdf

Public permalinkhttp://www.publicnow.com/view/9C0CC94C962723009576A87E7F354E3DA859C233