Duty Free International Inc.
This Connecticut-based operator of duty-free shops reported record third-quarter earnings and said its net income rose 76 percent from the third quarter of last year.
Duty Free International has a bonded warehouse in Glen Burnie that allows the company to serve other duty-free retailers. That warehouse is part of the company's Glen Burnie-based diplomatic and wholesale division. Company spokeswoman Dyan C. Cutro said the company bought that division in 1983.
Ms. Cutro said the company has done better than other retailers in fighting the recession because its duty-free shops can offer exceptional values to foreign tourists.
The wholesale and diplomatic division was bolstered by the acquisition in February of a company that supplies duty-free liquor and cigarettes to cruise ships.
Three months ended 9/30/91
.. .. .. ..Revenue.. .. .. .. ..Net.. .. .. .. .. Share
'91.. .. .59,826,000.. .. .. 9,498,000.. .. .. .. 0.41
'90.. .. .33,193,000.. .. .. 5,387,000.. .. .. .. 0.25
% change.. .. +80.2.. .. .. .. .+76.3.. .. .. .. .+64.0
Nine months ended 9/30/91
.. .. .. ..Revenue.. .. .. .. ..Net.. .. .. .. .. Share
'91.. .. 147,794,000.. .. .. .19,819,000.. .. .. ..0.88
'90.. .. .80,897,000.. .. .. .11,816,000.. .. .. ..0.54
% change.. ..+82.7.. .. .. .. .. +67.7.. .. .. .. +62.9