Lower provisions and spending lift Amway earnings by 139% y-o-y
KUALA LUMPUR: Amway (M) Holdings Bhd’s net profit for the second quarter ended June 30, 2017 (2QFY17) jumped 139% year-on-year (y-o-y) from RM6.18 million to RM14.77 million, led by lower incentive provisions and operating expenses.
The favourable impact of those was partially offset by lower sales and higher import costs, it said. Quarterly revenue shrank 6% y-o-y to RM252.06 million from RM268.87 million, its Bursa Malaysia filing showed.
