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Best World's Q3 profit jumps 121%

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BEST World International on Friday reported a 121.4 per cent jump in net profit for the third quarter ended Sept 30, 2016, thanks to revenue growth in China and Taiwan.

BEST World International on Friday reported a 121.4 per cent jump in net profit for the third quarter ended Sept 30, 2016, thanks to revenue growth in China and Taiwan.

The group, which is involved in the business of premium skincare, personal-care, nutritional and wellness products, said its net profit jumped to S$8.9 million in Q3 2016, from S$4 million in the year-ago period.

Earnings per share rose to 3.25 Singapore cents, from 1.47 Singapore cents in Q3 2015.

The group's revenue was up 99.1 per cent at S$52.2 million.

Best World's shares ended Friday up one cent at S$1.495.

sentifi.com

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