By Justina Lee

China Tourism Group Duty Free Corp. said third-quarter net profit rose 40% from a year earlier, supported by its duty-free business.

Net profit for July-September quarter was CNY3.13 billion ($488.6 million), the company said.

Revenue fell 12% to CNY13.97 billion, partly weighed by the impact of pandemic of its business in Hainan.

Write to Justina Lee at justina.lee@wsj.com

(END) Dow Jones Newswires

10-31-21 2014ET