PETALING JAYA: Amway (M) Holdings Bhd’s net profit for its third quarter ended Sept 30 dropped 21% to RM14.95mil from RM18.92mil in the previous corresponding period, due to lower sales and higher import costs primarily attributed to the weaker ringgit that was partially offset by lower provision for sales incentives in line with lower sales.
Revenue in the quarter dropped to RM243.65mil from RM261.69mil a year earlier, the distributor of consumer products said in a filing with Bursa Malaysia yesterday.
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