Osim posts highest quarterly earnings in five years
Higher sales and better productivity have lef lifestyle product firm Osim International to report its highest quarterly earnings in five years.
The firm said on Monday that fourth quarter net profit jumped 22.1 per cent to $27.6 million, on the back of a 15.5 per cent rise in revenue to $178.6 million for the three months to Dec 31 last year.
Earnings for the full year came in at $101.6 million, up 16.9 per cent on the year before, while turnover climbed 7.6 per cent to $647.6 million.
Osim International said its stellar performance was due to product innovation and its competitive pricing in different markets.