KUALA LUMPUR: Amway (Malaysia) Holdings Bhd net profit rose 12.5% to RM18.32 million in the fourth quarter ended Dec 31, 2010 from RM16.28 million a year ago, year mainly due to the increase in sales revenue.
It said on Wednesday, Feb 16 revenue rose to RM184.1 million from RM171.89 million mainly due to an increase in the distributors' productivity after implementing the sales and marketing programme, effort index adjustment and the distributor price increase implemented in first half of the year.
Amway said earnings per share were 11.14 sen while net asset per share was RM1.28. It declared a fourth interim single tier dividend of 9.0 sen net per share.
For the financial year ended Dec 31, 2010, it posted net profit RM78.32 million on the back of revenue RM719.41 million.
On its prospects, Amway said that based on the current economic outlook coupled with sales and marketing programme, it expects to achieve a single digit growth in sales revenue in 2011.
It said on Wednesday, Feb 16 revenue rose to RM184.1 million from RM171.89 million mainly due to an increase in the distributors' productivity after implementing the sales and marketing programme, effort index adjustment and the distributor price increase implemented in first half of the year.
Amway said earnings per share were 11.14 sen while net asset per share was RM1.28. It declared a fourth interim single tier dividend of 9.0 sen net per share.
For the financial year ended Dec 31, 2010, it posted net profit RM78.32 million on the back of revenue RM719.41 million.
On its prospects, Amway said that based on the current economic outlook coupled with sales and marketing programme, it expects to achieve a single digit growth in sales revenue in 2011.
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