DKSH net profit down 14% due to higher operating costs

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

PETALING JAYA: DKSH Holdings (M) Bhd’s net profit fell 14.1% to RM14.05mil for its second quarter ended June 30 from RM16.36mil in the corresponding quarter last year on higher operating costs.

The consumer goods company said that during the quarter in review, revenue increased 3.5% to RM1.44bil from RM1.39bil previously, thanks to organic growth in existing clients.