Beshom

After 46 outstanding years as Hai-O Enterprise Bhd, we look forward to the future as we preserve the best of our legacy.
We are excited to invite you into our new home.

海鸥集团历经时光淬砺,46年来发展一枝独秀。
展望未来,集团整装待发,以焕然一新的英文名字营造美满的新“”。
此番华丽转变,公司优良传统不变,文化企业精神亦如初衷。

Beshom

Beshom Holdings Bhd is the new “HOME” of Hai-O’s group of companies, a Public Listed Company on the Main Market of Bursa Malaysia Securities Berhad.
Beshom has assumed the listing status of Hai-O Enterprise Bhd on
29 November 2021.

Welcome to BESHOM.

最佳生活    始于家元
海鸥控股有限公司(Beshom Holdings Bhd),2021年11月29日,
正式延续海鸥企业有限公司在大马股票交易所主板的上市地位。

欢迎光临我们的新“”——BESHOM。

News

Hai-O 1Q earnings slump 57pct to RM7.84m

Hai-O 1Q earnings slump 57pct to RM7.84m
Source:
The Edge Malaysia

KUALA LUMPUR: HAI-O ENTERPRISE BHD’s net profit fell 57% to RM7.84 million in the first quarter ended July 31, 2010 from RM18.52 million a year ago as the multi-level marketing (MLM) division recorded lower revenue.

It said on Wednesday, Sept 29 pre-tax profit was RM10.79 million, down 59% from RM26.28 million a year ago while revenue fell 63% to RM54.75 million from RM148.57 million. Earnings per share were 3.91 sen versus 22.17 sen.

“The effects of applying stringent rules on new members’ recruitment and enhancement of stockists’ management and professionalism since last financial year still need a longer time for the division and distributors to realign their business strategies,” it said.

Hai-O said despite the increased external sales of the wholesale division, pre-tax profit was lower compared to the preceding year as a result of lower profit contribution from its inter-segment sales.

However, the group’s operating profit margin in the current quarter increased by about 2% from a year ago, mainly due to higher margin products sales, the weakening of the US dollar against the ringgit which have contributed in reducing imported costs while operating efficiency improved.