OSIM’s net profit up 1% to $102.2m in FY14

On back of higher sales.

OSIM International reported that its net profit inched up by 1% to $102.2m in 2014, on back of a 7% increase in sales to $691.1m.

The group had also declared a final fourth quarter dividend of 2 cents per share, with total FY14 DPS of 6 cents giving a yield of 3.2%.

According to OCBC, a challenging year is ahead for OSIM with the on-going expansion for TWG Tea, start-up costs, wages and rental costs.

OSIM will also have to grapple with potential legal costs that could be incurred from the two disputes that the group is currently involved in.

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