Thursday September 20, 2012
Hai-O quarter one profit higher
KUALA LUMPUR: Hai-O Enterprise Bhd’s net profit rose 32.9% to RM10.27mil, or 5.17 sen earnings per share for the first quarter ended July 31 from RM7.7mil, or 3.87 sen earnings per share a year ago. Its revenue for the quarter rose to RM61.1mil against RM50.9mil in the same corresponding period last year.
“The increase in the group’s revenue was mainly contributed by its principal subsidiary, the multi-level marketing division, which had contributed about 66% and 54% of the total revenue and pre-tax profit respectively for the group,” Hai-O said in the notes accompanying its financial results.