HAI-O ENTERPRISE BHD []’s earnings fell 65% to RM6.34 million for the third quarter ended Jan 31, 2011 from RM18 million a year ago as revenue shrank following lower sales from its multi-level marketing (MLM) division.
The company said on Wednesday, March 23 that revenue fell to RM57.60 million from RM131.28 million a year ago due mainly due the poorer performance of the MLM division, which is principal subsidiary. Earnings per share were 3.18 sen compared with 9.02 sen.
The company said on Wednesday, March 23 that revenue fell to RM57.60 million from RM131.28 million a year ago due mainly due the poorer performance of the MLM division, which is principal subsidiary. Earnings per share were 3.18 sen compared with 9.02 sen.
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