PETALING JAYA: Wellness and multi-level marketing (MLM) company Hai-O Enterprise Bhd’s net profit fell 12% year-on-year (y-o-y) in its fourth quarter ended April 30, on the back of lower revenue contribution from its mainstay MLM business.
The company said in a filing with Bursa Malaysia that its earnings decreased to RM16.27mil in the final quarter compared with RM18.46mil a year earlier.
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