KUALA LUMPUR: Amway (Malaysia) Holdings Bhd posted a net profit of RM30.48 million for the third quarter (3Q) ended Sept 30, 2008, up 16% from RM26.32 million a year earlier, on higher sales.

Earnings per share subsequently rose to 18.54 sen from 16.01 sen previously. The company’s 3Q revenue grew 13% to RM185.66 million from RM163.89 million previously, Amway told Bursa Malaysia yesterday.

It declared an interim dividend of nine sen per share less 26% tax, and a special dividend of 20 sen per share less 26% tax, to be paid on Dec 16. For the first nine months, its net profit was 20% higher at RM73.21 million, on the back of a 10% rise in revenue to RM473.61 million.

source: theedgedaily