OSIM run of record profits loses steam

Singapore

AFTER 22 consecutive quarters of record profits, the fine run of lifestyle products company OSIM International came to an end in the three months ended Sept 30, 2014.

Net profit fell 28 per cent to S$16.4 million, compared to S$22.7 million a year ago. Revenue edged up slightly to S$158.2 million, up 3 per cent compared to S$153 million the same period last year. A one-cent interim dividend was declared, unchanged from a year ago.