Best World’s 3Q earnings more than double to $8.9 mil

SINGAPORE (Nov 4): Direct-selling company Best World reported 3Q earnings more than doubled to $8.9 million from a year ago from higher sales from direct selling.

Revenue nearly doubled to $52.2 million from a year ago as revenue from its direct selling segment grew 54.2% growth to $32.4 million and revenue from its export segment more than quadrupled to $18.6 million.

However, gross profit margin in 3Q declined to 71.6% from 77.1% due to a higher proportion of revenue generated from the export segment, driving distribution costs down despite increasing revenue.

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