18 March 2008

Amway to capitalise on two new products

The Star Online
AMWAY (M) Holdings Bhd expects single-digit growth in revenue for the year ending Dec 31, 2008, given the cautious mood amid economic weaknesses in the US, according to executive director Paul Yee.

“The US and global economies are seeing weaknesses while the domestic market faces inflationary pressure. These factors would affect consumer spending, hence impacting us,” he said.

For the year ended Dec 31, 2007 (FY07), the direct-selling company reported a net profit of RM87.9mil on record sales of RM584.3mil.

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