, Singapore

Osim's net profit plunged 53% to $14m in Q1

On back of weak sales.

Osim reported that its first-quarter profit declined 53% year-on-year to $14m, on back of soft retail sales across core markets and a lack of new product launches.

Sales fell 13% year-on-year to $150m, while operating earnings crashed 45% year-on-year to $23m.

Osim declared an interim dividend of 1 cent per share.  

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