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Best World posts 36.4% growth in 3Q earnings to $12.2 mil on lower expenses

Michelle Zhu
Michelle Zhu11/8/2017 6:38 PM GMT+08  • 3 min read
Best World posts 36.4% growth in 3Q earnings to $12.2 mil on lower expenses
SINGAPORE (Nov 8): Direct-seller Best World International has announced a 36.4% rise in earnings of $12.2 million for the three months ended Sept, up from $8.9 million a year ago on lower expenses.
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SINGAPORE (Nov 8): Direct-seller Best World International has announced a 36.4% rise in earnings of $12.2 million for the three months ended Sept, up from $8.9 million a year ago on lower expenses.

Revenue for 3Q17 came in 10.3% lower at $46.8 million compared to $52.2 million in the previous year, due to lower contribution from Taiwan and on the back of sustained export growth to China.

Segment-wise, revenue from Direct Selling declined 37% from that of the same quarter last year, primarily due to the decline in revenue from the group’s key market of Taiwan – while revenue for Export Segment in 3Q17 increased to 54% of the group’s total revenue as compared to 35.8% for the same period last year.

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