The Straits Times / The Business Times News on OSIM

OSIM expects weaker full-year gain

OSIM International warned yesterday that profit for the year ended Dec 31 is likely to be lower than the previous year's gain by between 20 and 28 per cent.

Interest expenses at American unit Brookstone and tie-up OSIM Brookstone will be a drag on profits.

OSIM also spent more on advertising to overcome bad publicity over unsubstantiated product claims by local rivals in North Asia. This resulted in sanctions by the authorities and an industry slowdown.

The company expects to rebound this year, with full-year profit expected to be higher than last year's.