Amway (Malaysia)

Amway (Malaysia)

Postby winston » Thu Nov 13, 2014 8:03 am

not vested

Weaker consumer sentiment has affected Amway (M) Bhd’s third quarter earnings ended Sept 30, 2014 (3QFY14), with net profit falling nearly 25% to RM25.02 million, from RM33.28 million in 3QFY13.

The decline was due to lower sales, the direct selling company told Bursa in an announcement.

Quarterly revenue also weakened to RM219.12 million — down 7.8% against RM237.57 million in 3QFY13, while earnings per share (EPS) dropped about five sen to 15.22 sen, from 20.24 sen.

Despite lower earnings, it declared a third interim single-tier dividend of 10 sen net per share for the financial year ending Dec 31, 2014, payable on Dec 9.

For the nine months ended Sept 30, Amway's net profit fell 4.23% to RM76.67 million from RM80.08 million in 3QFY13, while revenue fell 1.71% to RM625.93 million from 636.79 million.

It closed at RM11.56 today, down four sen or 0.34%, with a market capitalization of RM1.9 billion.

Source: The Edge
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Re: Amway Berhad

Postby sschong92 » Sun May 17, 2015 7:27 pm

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Amway (Malaysia) Holdings Bhd (Amway) reported a 40.1% on-year hike in its net profit to RM36.7 million in its first quarter ended March 31, 2015 (1QFY15), from RM25.5 million previously, on higher sales before the implementation of the goods and services tax (GST).

Amway (fundamental: 2.5; valuation: 1.5)’s 1QFY15 revenue was up 50.1% on-year to RM321.9 million, from RM213.3 million; while earnings per share (EPS) improved to 22.41 sen, compared to 15.49 sen in 1QFY14.

Source: The Edge
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