Best World

[moneyspinner]

Best World 1H2017 profit surges 62.7%; 

Increases dividend payout policy to 40.0%


Singapore, 7 August 2017 – Mainboard-listed Best World International Limited (“Best World” or the “Group”) announced today a 62.7% surge year-on-year (“YoY”) in Net Profit Attributable to Owners of the Parent Company of $21.7 million for the six months ended 30 June 2017 (“1H2017”), bolstered by strong performance in its largest and fastest growing market – China.

[color=#222222]Group’s Co-Chairman and President, Dr. Doreen Tan commented, “Against macroeconomic headwinds, we have continued to deliver strong growth momentum and are extremely heartened to see our endeavours in the China market paying off. This validates the confidence in our ability to penetrate deeper into our fastest growing market. With a proven business model, which is both sustainable and profitable for the long-term, we believe that this is only the beginning of a new growth era.”[/

Group CEO, Dr. Dora Hoan added, “We remain cautiously optimistic of our performance for FY2017 as we head into the seasonally stronger second half. While we maintain our growth trajectory, maximisation of shareholders’ value remains a high priority. Towards this end, the Board of Directors has revised the Company’s dividend policy by increasing our payout ratio, underscoring our commitment to achieve good Corporate Governance and to maximise shareholders’ return.”


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