Monday, Dec 29, 2014Monday, Dec 29, 2014

Business

 

OSIM reports Q2 record net profit of $30 million

Published on Jul 31, 2014 8:16 PM
 
Lifestyle products firm OSIM International said its second-quarter net profit grew 13 per cent to a record $30 million, due to new products and sales growth. -- ST PHOTO:  KUA CHEE SIONG

SINGAPORE - Lifestyle products firm OSIM International said its second-quarter net profit grew 13 per cent to a record $30 million, due to new products and sales growth

Revenue grew 10 per cent to $183 million for the three months to June 30.

OSIM said in a statement: "We are pleased with the record performance. We launched uDiva massage sofa during the quarter which has created lots of awareness and good response. We expect uDiva to continue to do well for the current year."

Earnings per share for the quarter were 3.87 cents, up from 3.61 cents, while net asset value per share was 31 cents as at Sept 30.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos