Sales from the group’s direct selling business declined by 28.6% to $16.8 million due to decline in revenue from Taiwan offsetting improvements from Singapore, Indonesia and Hong Kong.
Sales from manufacturing/wholesale segment decreased 6.7% to $0.8 million. Management says it will continue its marketing effort in this segment to increase demand for its Aurigen line of health supplements from China drugstore wholesalers.
As at March 31, total membership for the group’s direct selling business increased 2.1% to 500,259 members from a year ago. Active distributors, which refers to members who have received commission over the last 12 months, stands at 9.8% of total membership.
Management is cautiously optimistic that the China wholesale segment will contribute to the growth in the bottomline for the group in 2H2018.
Shares in Best World closed at $1.45 on Monday.
