Best World International

Best World International: 2Q14 net profit was at $0.8m versus a net loss of $0.4m, taking 1H14 net profit to $0.9m (+50.5%). Revenue soared 107.2% to $18.3m due to strong performance from the Group’s business in Philippines, Taiwan and the PRC. As a result of the introduction of the Manufacturing/Wholesale segment since Mar '14, the group’s gross margins across business segments stands at 69.8% in 2Q14, as opposed to 78.6% from the previous year. Bottom-line was weighed by a 114.4% rise in distribution costs to $6.9m.