DXN HOLDINGS BHD []'s net profit for the first quarter ended May 31, 2010 (1Q11) doubled to RM10.07 million from RM5.01 million a year ago thanks to its multi-level marketing segment that contributed higher profit margins due to cost efficiency.
In a filing to Bursa Malaysia Wednesday, July 28, the group's revenue rose 4.6% to RM67.80 million from RM64.78 million previously while registering earnings per share of 4.43 sen versus 2.16 sen.
For 1Q11, DXN proposed a first interim dividend of 4% less tax and 4% tax exempt dividend per ordinary share of 25 sen each, totaling 8% gross dividend. The group's net asset per share stood at 89.33 sen as at May 31.
On its outlook, the group would remain focus on its existing core business activities and targeting more on overseas markets to enhance group performance. Its core business activities include cultivation, manufacturing and marketing of the health food supplements.
DXN added its directors anticipated that the performance of the group for the financial year ending Feb 28, 2011 to be optimistic.
Written by Yong Min Wei
No comments:
Post a Comment