Bursa Malaysia Stock Watch
Amway posts RM21.5m net profit in 3Q, declares 39c dividends
kltrader
Publish date: Tue, 16 Nov 2010, 01:26 PM
kltrader
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KUALA LUMPUR: Amway (Malaysia) Holdings Bhd net profit for the third quarter ended Sept 30, 2010 rose marginally to RM21.51 million from RM20.48 million a year ago due to increase in sales revenue.
Revenue for the quarter rose to RM191.5 million from RM174.87 million last year, while earnings per share was 13.08 sen.
Amway declared a third interim single tier dividend of 9 sen net per share and special interim single tier dividend of 30 sen net per share for the financial year ending Dec 31, 2010.
In a filing to Bursa Malaysia, the company said the growth in sales revenue was mainly attributable to increase in distributors' productivity driven by sales and marketing program implemented in the periods under review.
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