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The Straits Times / The Business Times News on OSIM

OSIM warns of lower earnings

Feb 1, 2007
The Business Times

OSIM International has warned that its after-tax profit for the year ended December 2006 will be lower than the $46.7 million achieved in 2005 by 20-28 per cent because of interest payments at Brookstone which the company has acquired, and negative publicity (arising from unsubstantiated product claims by some other industry players) that hit industry sales in the fourth quarter.

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