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Best World 1Q earnings up 63% to $9.7 mil on revenue growth

Michelle Zhu
Michelle Zhu5/9/2017 05:59 PM GMT+08  • 3 min read
Best World 1Q earnings up 63% to $9.7 mil on revenue growth
SINGAPORE (May 9): Best World International reported 1Q17 earnings of $9.7 million, representing a 63.1% increase from the $6 million reported in the previous year on higher revenue.
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SINGAPORE (May 9): Best World International reported 1Q17 earnings of $9.7 million, representing a 63.1% increase from the $6 million reported in the previous year on higher revenue.

Group revenue for the quarter grew 27% to $44.7 million from $35.2 million in 1Q16, mainly due to higher export sales to China as well as increased sales in Singapore and other markets such as Hong Kong and Korea, thus offsetting the lower sales recorded in Taiwan.

In particular, market demand for Best World’s DR’s Secret skincare range in China continued its growth, while the export segment more than doubled to $20.7 million over the quarter to represent 46.2% of the group’s total revenue.

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