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Multi-level marketing company DXN Holdings Bhd’s (KL:DXN) net profit grew 6.5% to RM70.26 million in the second financial quarter despite lower revenue, thanks to lower expenses.
DXN said revenue growth remained positive in Peru, Bolivia, Mexico, India and the Middle East. Revenue from Morocco, however, declined due to softer demand. The group is expanding its global footprint with new facilities in Peru, Bolivia and Morocco.
DXN Expands into Latin America with Coffee Processing Plant in Brazil
DXN is deepening its international footprint with a major expansion into Latin America through the planned establishment of a coffee processing plant in Minas Gerais, Brazil, marking a significant milestone in the Group’s global growth strategy.