Press Releases
Hai-O profit at RM9.8mil
Mar 19, 2016
Source: The Star

PETALING JAYA: Hai-O Enterprise Bhd’s net profit for the third quarter ended Jan 31, 2016 rose to RM9.78mil from RM7.31mil in the previous corresponding period, mainly attributable to the higher revenue and profit generated by its multi-level marketing division.

Revenue increased to RM80.52mil from RM61.96mil a year earlier.

For the nine months ended Jan 31, 2016, net profit increased to RM25.16mil from RM20.70mil in the previous corresponding period while revenue was up to RM209.48mil from RM169.47mil a year earlier.

On its outlook, the company said in view of the slowing economic growth and lower consumers’ purchasing power, the group has taken pre-emptive measures and various strategies to curb the negative impact.