Flash Amway 1Q profit up 6.7% yoy to RM23m

by **hlk** Wed 29 May 2013, 18:10

Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 29 May 2013 17:50
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Flash: Amway 1Q profit up 6.7% yoy to RM23m

by **hlk** Wed 29 May 2013, 18:35

Amway 1Q profit up 6.7% yoy to RM23m

Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Wednesday, 29 May 2013 18:28
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KUALA LUMPUR (May 29): Amway (Malaysia) Holdings Bhd reported a
net profit of RM23.04 million for the first quarter ended March 31 of
2013, up 6.7% from RM21.59 million a year ago.
Its revenue rose 13.7% to RM203.86 million from RM179.25 million.
Growth in sales revenue was supported by pre-price increase buying
ahead of the planned price increase effective Feb 1, 2013 and April 1
2013, the company involved in direct selling said.
And profit rose accordingly.
Looking ahead, Amway said it expects a “low single digit growth” in
sales revenue for the year due to softening demand.

Flash Amway 1Q profit up 6.7% yoy to RM23m

Flash Amway 1Q profit up 6.7% yoy to RM23m

Re: Flash Amway 1Q profit up 6.7% yoy to RM23m