CHINA. China Tourism Group Duty Free Corporation (CTG), parent company of the world’s number one travel retailer China Duty Free Group (CDFG), today confirmed its strong performance in 2023 first revealed in its preliminary results published on 8 January.
Revenue rose +24.1% year-on-year to CNY67,540 million (US$9.3 billion), while net profit increased +24.07% to CNY6,790 million (US$939.4 million). See tables below for full results.
Chairman Wang Xuan said: “In 2023, in the face of a complex and ever-changing market environment, the company propelled under pressure, focused on our main tasks of stabilising growth, optimising structure, improving quality and efficiency, controlling risks and strengthening party building, and solidly carried out reform and innovation and management improvement, achieving steady improvement of quality and efficiency.”
Wang said the company was committed to become a world-class travel retail…