KUALA LUMPUR: DXN Holdings Bhd
chairman and founder Datuk Lim Siow Jin is optimistic over prospects following a positive start to its financial year.
The global health-oriented and wellness direct selling company announced a net profit of RM77.6mil in its first financial quarter ended May 31, 2023, for an earnings per share of 1.6 sen, which was on a par with a net profit RM77.17mil registered in the same quarter in 2022.
It said revenue in the quarter under review was RM423.98mil, 17.65% higher than RM360.39mil in the comparative quarter.
"The higher revenue accompanied by strong profit are testament that our business is growing in the right direction.
"We continuously strategise methods to grow our active member base and launch new products to meet ever-changing consumer preferences," said Lim in a statement.
DXN’s board of directors declared a first interim dividend of 0.8 sen per share amounting to a payout of RM39.9mil, which is payable on Aug 30, 2023.
