New Products Increase Sales at Amway Malaysia

Posted by Ty Tribble on May 5, 2007 at 12:28 pm · Under Amway

The Star:

KUALA LUMPUR: Amway (M) Holdings Bhd expects new products launched this year to boost revenue by RM57mil for its financial year ending Dec 31.

Amway posted RM723.7mil revenue and a net profit of RM80.6mil for its 16-month financial year from Sept 1, 2005 to Dec 31, 2006. It changed its financial year to align it with US-based holding company, Alticor Global Holdings Inc.

Executive director Paul Yee said four new products had been launched earlier this year and 10 more would be introduced before year-end.

“We are confident the 14 new products will increase sales by RM57mil based on the track record of previously launched products,” he said after the company AGM yesterday.


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