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DXN Group posts robust results for FY23

Publish date: Thu, 18 May 2023, 09:54 AM
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DXN Holdings Bhd (DXN), a global health-oriented and wellness direct selling company, yesterday announced the unaudited results of DXN and its subsidiaries (DXN Group) for the fourth quarter of the financial year ended Feb 28, 2023 (FY23).

For the quarter under review, DXN Group clocked in revenue of RM405 million, an increase of 19.3% compared with the previous financial year’s corresponding quarter.

The increase in revenue was mainly driven by the strong sales momentum across the board, with higher sales growth of fortified food and beverages in Latin America, Morocco and India.

Meanwhile, DXN Group’s profit before tax (PBT) and profit after tax (PAT) for the quarter under review were RM112.4 million and RM57.9 million respectively.

For FY23, DXN Group recorded higher revenue of RM1.6 billion, representing a 28.8% increase year-on-year from RM1.2 billion in FY22.

On top of that, DXN Group’s PBT and PAT for FY23 were RM455.5 million and RM289.3 million respectively, which translated into 25.5% and 17.9% increases year-on-year.

DXN non-independent executive chairman and founder Datuk Lim Siow Jin (pix) said, "We are thrilled to report our robust financial results for FYE Feb 28, 2023. Our financials are mainly attributed to the strong demand for our fortified food and beverages, in particular our coffee products by our members across the globe."

"Looking ahead, we are confident that we will be able to maintain our momentum as we expand our product offerings and broaden our presence in existing and new markets. Our commitment to excellence and customer satisfaction remains at the forefront of our business strategy, and we are excited to continue driving growth and creating value for our stakeholders."



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