HAI-O-PERFORMANCE

HAI-O AIMS TO FURTHER BOOST PERFORMANCE
FROM WAN NOR AZURA MIOR ABD AZIZ

SINGAPORE, Nov 14 (Bernama) -– Hai-O Enterprise Berhad, a multi-level
marketing firm, which continues to deliver impressive results, wants to further
improve performance following remarkable achievements by its Malay and
Bumiputera entrepreneur team.
Chairman Tan Sri Osman S. Cassim said while the business environment remains
challenging, Hai-O was focused on recapturing some of the opportunities which
may have been delayed by the global economic downturn.
The company has displayed improved performance over the last three years,
with Compounded Annual Growth Rate of over 40 per cent in revenue and over 60
per cent in net profit.
For the first quarter results ended July 31, 2009, the group recorded a
higher revenue of RM148.57 million as compared to RM112.91 million in the same
quarter last year, an increase of about 32 per cent.
" We have good prospects for next year as well. We have increased our
products such as healthcare products and will further expand our business," said
Osman in an interview with BERNAMA at the Third Forbes Asia 200 Best Under A
Billion List celebrations in Singapore on Wednesday.
The company is one of eight corporations from Malaysia to clinch the
prestigious Forbes award.
" This award is given based on several criteria. Some of them are good
performance, good corporate governance, good returns to shareholders and
future prospects for the company," he said.
With the start of the direct-selling business in Indonesia in the first
quarter of next year, it would contribute further to Hai-O's
impressive results, he added.
Meanwhile, Group Managing Director Tan Kai Hee, when met at the
award ceremony, attributed the company's success to the hardwork of its 95 per
cent truly loyal Malay and Bumiputera marketing team.
He said the company hopes to produce more millionaire Bumiputera
entrepreneurs despite the challenging global economic downturn.
Of the more than 100,000 distributors registered with the company, about
10,000 to 20,000 of them are very active, he said.
" We are so lucky to have the group of Bumiputera entrepreneurs who are
sincere, honest, hardworking and always provide good service and can win over
consumers' heart," said the humble 75-year-old businessman.
He said there are also about 10 to 15 Bumiputeras who could become
millionaires within a year through their hardwork.
Tan said apart from the Hai-O Group being formally recognised for its
hardwork over the years, he believed it is also the goal pursued by other small
and medium enterprises (SMEs) country-wide.
From 2007 to 2009, the company has passed Forbes' strict selection process,
with a long-term and sustainable management concept.
" There is an old saying, " pride leads to loss while modesty brings
benefit". Therefore, we will not be complacent as we were listed by Forbes for
three consecutive years," he added. -- BERNAMA
WNA TOM