Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.MDFP posts +16% net profit growth at MRU for year ending 30 June 2019
By Andrew Pentol |
Anoop Kumar Nilamber, Airport Mauritius Limited, CEO
Mauritius Duty Free Paradise (MDFP) has posted a 16% net profit increase for the year ending 30 June 2019.
According to Anoop Kumar Nilamber, formerly MDFP CEO, but now CEO of Airport Mauritius Limited (which manages Sir Seewoosagur Ramgoolam International Airport), the increase was due to competitive pricing/volume mix, strong marketing efforts and a steady +3% growth in passenger numbers.
In 2018, MDFP, which is supplied by Gebr. Heinemann, generated turnover of €57m ($63.8m). The retailer was expecting growth of around 4% to €61m for the year ending 30 June 2019.
As reported last year, MDFP is in the midst of a major transformation which involves a review of business processes and extensive focus on certain departments. This includes a review of its organisation and information technology and digital upgrades.
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