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OSIM Q4 profit slides, gross margins in '15 maintained

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Published Thu, Jan 28, 2016 · 09:50 PM
    OSIM International

    Singapore

    AMID a slower retail environment, lifestyle products group OSIM International reported a net profit of just S$9 million for its seasonally strong fourth quarter ended Dec 31, 2015, down 66 per cent from S$27 million a year ago.

    However, lower profits were also due to a one-off S$5.6 million loss from the closing down of underperforming nutrition subsidiary ONI Australia, and legal fees of S$3.4 million related to luxury tea segment TWG Tea.

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