DXN Holdings Bhd (DXN), a global health-oriented and wellness direct selling company, today announced the unaudited results of DXN and its subsidiaries (DXN Group) for the fourth quarter of the financial year 28 February 2023.
For the quarter under review, the DXN Group clocked in revenue of RM405 million, an increase of 19.3% compared to the previous financial year’s corresponding quarter.
The increase in revenue was mainly driven by the strong sales momentum across the board, with higher sales growth of fortified food and beverages in Latin America, Morocco and India.
Meanwhile, the DXN Group’s profit before tax (PBT) and profit after tax (PAT) for the quarter under review were RM112.4 million and RM57.9 million respectively.
For the financial year 28 February 2023, the DXN Group recorded a higher revenue of RM1.6 billion representing a 28.8% increase year-on-year from the financial year 28 February 2022 of RM1.2 billion.
On top of that, the DXN Group’s PBT and PAT for the financial year 28 February 2023 were RM455.5 million and RM289.3 million respectively, which translated into a 25.5% and 17.9% increase year-on-year.
DXN Non-Independent Executive Chairman Datuk Lim Siow Jin said, “We are thrilled to report our robust financial results for the financial year 28 February 2023. Our financials are mainly attributed to the strong demand for our fortified food and beverages, in particular our coffee products, by our members across the globe. Looking ahead, we are confident that we will be able to maintain our momentum as we expand our product offerings and broaden our presence in existing and new markets. Our commitment to excellence and customer satisfaction remains at the forefront of our business strategy, and we are excited to continue driving growth and creating value for our stakeholders.”
