Amway aims for sustainable growth

KUALA LUMPUR: Amway (M) Holdings Bhd , a direct selling company, will continue to focus and strategise its businesses towards achieving a sustainable growth for the current financial year.

Speaking to reporters after the company’s annual general meeting yesterday, executive director Paul Yee said that the company had a very good growth track record on the back of its proven strategies.

“We have been in Malaysia for 38 years with a record of 35 growth years and only three years of flat or slight decline and it was due to recession and economic crisis,” he said.

Yee said the company would strategise it businesses to maintain its sustainable growth in four proven areas, growth of core distributor force, building products in beauty and wellness line, improving accessibility by having more shops and leveraging on information technology as well as strengthening and reorganisation of its internal human capital.

The company posted a revenue of RM834.22mil in the financial year ended Dec 31, 2013 (FY13), a 4.6% increase from the revenue recorded in the previous year.

Amway’s pre-tax profit also increased to RM145.196mil from RM137.066mil in FY12. – Bernama