Osim achieves record net profit for the quarter
Published on May 6, 2014 9:18 PM
Osim International announced a record net profit of $29 million on Tuesday for the quarter ended March 31, a 15 per cent increase from $25 million the same period last year.
The increase marks the 21st consecutive quarter the massage chair maker has seen year-on-year profit growth.
Sales for the quarter also increased to reach $173 million, up 15 per cent from $151 million last year.
The company said the good performance was primarily driven by higher consumer demand for its products, such as its signature massage chairs such as uAngel and fitness products like uShape under the Osim brand.
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