KUALA LUMPUR: Amway (M) Holdings Bhd
remains cautiously optimistic of delivering a flat to modest revenue growth for 2023.
“The group said it will continue to be prudent in its operations with a focus on business sustainability, such as Amway Business Owner-centric (ABO) programmes, supply chain capacity uplift, new product launches and promotions, BIG Health solution, as well as ongoing upgrades to the digital platform, and related delivery infrastructure.
“Collectively, the costs of these critical business investments, plus the rising costs generally due to inflation, will exert pressure on the operating margin for 2023,” it said in a Bursa filing.
Amway posted a lower net profit of RM19.6mil in the first quarter ended March 31 compared with RM20.12mil a year earlier.
Its earnings per share fell to 11.9 sen from 12.27 sen.
Revenue for the quarter fell 4.94% to RM372.8mil from RM391.2mil a year earlier.
The group declared a first dividend of five sen per share, the same rate as last year, payable on June 23.
