Best World 1H net profit surges more than five-fold on Taiwan, China, Indonesia growth

SINGAPORE - Half-year net profit at beauty products seller Best World International surged more than five-fold to $13.3 million, driven by strong growth in the Taiwan, China and Indonesia markets.

Revenue for the six months ended June 30 more than doubled to $86.8 million. In China, sales grew almost three times while the increase was almost four-fold in Taiwan.

The company declared an interim dividend of 2 cents per share, and is also proposing a bonus issue of one new share for every four shares.

The bonus issue will increase the issued share capital base of the company to reflect the growth and expansion of its business as well as encourage a wider spread of shareholders and increase market trading interest, it said in a statement.