THURSDAY, March 28, 2024
nationthailand

DKSH Expansion service provider posts rise in net profit

DKSH Expansion service provider posts rise in net profit

DKSH, an expansion services provider with a focus on Asia, increased net sales in the first half of 2018 by 7.4 per cent to 5.7 billion Swiss francs . EBIT of CHF 139.5 million was at last year’s level and profit after tax was 4.5 per cent ahead of the prior year.

Business Unit Consumer Goods returned to sales growth in the first half of 2018. This required targeted investments and initiatives that impacted profits. DKSH substantially upgraded key account management, expanded the route-to-market and invested in its businesses in Indonesia and e-commerce. DKSH also recently announced an agreement to sell its healthcare business in China to Warburg Pincus, emphasizing the increased strategic focus of the Group.
CEO Stefan Butz, said the three business units - Healthcare, Performance Materials and Technology reported good results and increased profitability. 
In Business Unit/ Consumer Goods, it managed to increase net sales for the first time in several years, though the targeted  initiatives and investments in this business resulted in higher costs. 
Group operating profit was at last year’s level. DKSH, on a Group level, developed its acquisition pipeline and strengthened its presence in New Zealand with the purchase of Davies Foods. We also further increased our strategic focus with the transaction in China.

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