China Tourism Group Duty Free Corporation Limited, the world’s largest travel retail operator, announced its interim performance report for the first half of 2023 on July 7th, after market close. The company’s revenue surged by 29.68% year-on-year to 35.86 billion Chinese yuan, while its net profit attributable to shareholders dropped by 1.87% to 3.86 billion Chinese yuan. Furthermore, the gross profit margin of its core business steadily increased, rising by 7.81 percentage points compared to the second half of the previous year and by 3.67 percentage points quarter-on-qu …
