SINGAPORE (Feb 26): Best World International, the direct seller of skincare and wellness products, has reported earnings of $21.8 million for the 4Q ended Dec 2017, up 77.2% from $12.3 million in 4Q16 on higher revenue.
Revenue for the quarter grew 19.8% to $74.1 million from $61.8 million previously on the back of higher export contributions, which more than doubled to $35.1 million from $14.3 million a year ago as a result of growing market demand for the group’s DR’s Secret skincare line in China.
This was further supported by the long Chinese New Year holidays in February, which led to Best World’s China export agent placing orders for the next 3-6 months over 4Q.
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