Amway Malaysia Q2 profit halved on higher expenses, adjustments

KUALA LUMPUR, Aug 25 (Bernama) -- Amway (Malaysia) Holdings Bhd’s net profit fell by 53.3% to RM7.85 million in the second quarter ended June 30, 2021 from RM16.81 million a year earlier,

In a filing with Bursa Malaysia, it said this was due to higher sales incentive and increase in Amway Business Owner (ABO) related expenses in line with higher sales and true up adjustments.