OSIM's second quarter profit grows 16% to $26.1 million
LIFESTYLE products firm Osim International said that second quarter net profit grew 16 per cent to $26.1 million, as it sold more products likes its massage chairs and achieved better productivity.
This is a new record for quaterly profits, which have now grown for 18 consecutive quarters.
Revenue for the three months to June grew 7 per cent to $165 million.
The increase in sales was driven by higher demand for massage products like the uAngel, uHug, uPixie, uCozy and uRelax. It also benefitted from more sales of nutritional supplements like Taut, Stem C, Zhi and Liver Protector.