Hai-O Profits Increase by 76% First Quarter
September 29, 2007 | By Monika Mundell |
Health Assurance International Organization announced an increase on their first quarter net profits this year, rising from RM4 mil to RM7 mil in relation to the same previous period. Profits were as of July 31st and the total revenue in the last three months has improved by over 51%. This is mainly due to their strong multi level marketing division (MLM) distributor force which seems to be on fire and growing strong.
Domestic consumer spending has been very good and is expected to stay that way in the near future. The company who is also trading on the Malaysian stock exchange, the “Burs Malaysia” has made their shareholders very happy as their stock increased from 5.41 sen to 10.53 sen in the last three month.
Hai-O Berard Enterprise is situated in Malaysia and is a manufacturer of herbal teas, household products, health and wellness products and more. They are involved in supermarkets, emporiums, retail-chain stores, trading Chinese and western wines, herbs, medicines and tea.
The company operates mainly out of Malaysia and has currently more than 34,000 active distributors enrolled as well as 50 stockists.
Hai-O marketing has also been featured in local news casts on many occasions and is set to stay strong in Malaysia. With their range of household and beauty products they certainly have something for most people. By not limiting themselves to one range of products they can easily dominate a local market.
To see a company profile, click Here.
Related Posts:
2 Comments »
Recent Posts
Recent Comments
- leo young on The Pros And Cons Of MLM Trade Shows
- niyoon@gmail.com on Quantum Physics With Fusion Excel MLM
- Shikha Bhittoria on EmergNet MLM Business Opportunity
- Naveen Yadav on EmergNet MLM Business Opportunity
- SURAJ WADHWANI on EmergNet MLM Business Opportunity
[...] Read More About Hai - O [...]
[...] Hai-O has had a great run with their MLM division in the last year. With the development of over 100 millionaire entrepreneurs they seem to have a business model in place that works. [...]