OSIM perks up on TWG Tea contribution

MASSAGE chair maker OSIM International enjoyed a freshly brewed boost from newly consolidated TWG Tea to achieve a 14.7 per cent growth in first-quarter earnings.

Net profit rose to $28.8 million, or 3.95 cents per share, for the three months ended March. Net profit margin stayed roughly flat as revenue climbed 14.6 per cent to $172.6 million.

OSIM plans to pay an interim dividend of one cent per share, in line with its year-ago payout.