PETALING JAYA: Amway (M) Holdings Bhd
has warned that its full-year revenue and profit are likely to fall, citing prevailing business uncertainties.
“Given the prevailing uncertainties in the business environment, the group anticipates a decline in revenue and profit for the full year,” Amway said in a filing with Bursa Malaysia.
In the second quarter ended June 30, Amway’s net profit plunged to RM2.4mil from RM24.5mil a year earlier, translating into an earnings per share of 1.48 sen versus 14.93 sen previously.
Quarterly revenue fell 10% to RM266.7mil compared with RM296.4mil a year prior. Amway has declared a second single-tier interim dividend of five sen per share on Aug 20, payable on Sept 22. For the first half ended June 30, it recorded a net profit of RM15.6mil, a 72.7% drop from RM57.3mil a year earlier, while revenue fell to RM560.1mil from RM618.5mil.
