Hai-O up profit by 54 percent
Filed Under (Business News) by Webmaster on 22-03-2010
Tagged Under : Hai-O
HAI-O Enterprise Bhd’s net profit rose by 54 per cent to RM57.18 million for the nine-month period ended January 31, 2010, from RM37.14 million in the previous corresponding period.
The group achieved a higher revenue of RM412.23 million as against RM302.33 million previously, it said in a filing to Bursa Malaysia today.
The increase in profit was mainly due to higher revenue achieved by the multi-level marketing (MLM) division and higher group”s rental income received, Hai-O Enterprise said.
The group will continue to focus on its three main divisions, namely the MLM, wholesale and retail divisions, it said.
