OSIM Q2 net down 24% in soft market
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Singapore
LIFESTYLE products group OSIM International continued to be bugged by weak retail sentiment in Asia, with net profit at S$22.5 million for its second quarter ended June 30, 2015, 24 per cent lower than the S$29.5 million figure a year ago.
Revenue continued a double-digit percentage decline seen in the first quarter, down 13 per cent to S$159.5 million from S$182.7 million a year ago.
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