Osim's net profit plunged 53% to $14m in Q1
On back of weak sales.
Osim reported that its first-quarter profit declined 53% year-on-year to $14m, on back of soft retail sales across core markets and a lack of new product launches.
Sales fell 13% year-on-year to $150m, while operating earnings crashed 45% year-on-year to $23m.
Osim declared an interim dividend of 1 cent per share.