Hai-O Surges Ahead!
March 29, 2008 | By Monika Mundell | 1 Comment »
Hai-O’s net profit surged another 158% in its third quarter which ended end of January. Due to their strong MLM and wholesale divisions, Hai-O is optimistic about their performance and their future.
Plans to widen their end of financial year sales via their retail division will further strengthen the companies profits. Hai-O also plans to add more promotional campaigns as well as using more advertising to bring more awareness to the general public.
The revenue doubled to RM 100.5 million from a previous figure of RM 51.4 million. Share holders will also love the fact that the company’s shares grew from 7.58 sen per share to 18.17 sen. This is more than double and would have made early investors a nice profit so far.
It seems that Hai-O goes from strength to strength and this doesn’t look to stop in the near future. The company has made nothing but glowing reviews in the last twelve month and introducing an MLM division to their company was probably the best move they could have made.
I’m sure we will hear more positive news in the month and years to come about Hai-O. Their product range is certainly interesting enough to take a closer look and you can check them out by following one of the links above.
Related Posts:
[...] Hai-O is reporting growth after growth. If you have been reading our site for a while you would have been able to follow them all along and see how much growth there has been over the past year or so. [...]