Best World Q2 net profit hits S$26.8m on revenue surge, higher margins.
BEST World, whose business dealings are being investigated by the Singapore Exchange , on Tuesday reported second-quarter net profit nearly trebling to S$26.8 million from S$9.1 million a year ago on a surge in revenue and higher gross margins.
According to Best World, 62.8 per cent of its revenue comes from its franchise segment, with another 36.5 per cent coming from its direct-selling model.Its gross profit alone more than trebled to S$76.7 million, reflecting a gross profit margin of 78 per cent.The board has proposed an interim dividend of 1.2 Singapore cents per share, unchanged from the quarter a year earlier.
In its outlook, Best World said that with the ongoing independent review of the group's business in China, a"certain portion" of China management's time has been diverted to deal with the enquiries. China accounted for 61.2 per cent of revenue in the first half of the year.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rugby: Japan target World Cup knockout spot after Pacific triumphTOKYO: Winning the Pacific Nations Cup triumph has given Japan every confidence that they are on the right track to achieve their goal of reaching ...
Read more »
Argentina World Cup winner Jose Luis Brown dies at 62BUENOS AIRES: World Cup winner Jose Luis Brown, who scored Argentina's opening goal in the 1986 World Cup final against West Germany, has died at ...
Read more »
Rugby: Jones ready for England 'family fall-out' at World CupEngland coach Eddie Jones believes off-field problems will be part and parcel of his side's Rugby World Cup campaign after his surprise move in ...
Read more »
England squad for rugby World CupEngland coach Eddie Jones on Monday named the following 31-man squad for the World Cup in Japan from Sept. 20-Nov. 2.
Read more »
World War II Pacific battlegrounds now site of US-China tug of warMAJURO, MARSHALL ISLANDS (AFP) - Pacific islands that were key World War II battlegrounds but largely neglected for the past 30 years are now back in the spotlight as China challenges traditional US supremacy in the region.. Read more at straitstimes.com.
Read more »