Best World's net profit down 16.9% at S$24.8m in Q3

Singapore

BEST World International, the mainboard-listed skincare pro-duct company that is being probed by the Singapore Exchange (SGX) over its sales model, on Friday posted a slide in third-quarter earnings that it attributed to the lack of the one-time "other operating income" in the year prior.

Net profit for the three months to Sept 30 fell by 16.9 per cent year on year, to S$24.8 million, even as revenue grew by 41.2 per cent to S$114.3 million, the company said. Earnings per share shrank to 4.56 Singapore cents, from 5.44 Singapore cents.