KUALA LUMPUR (Aug 22): Shares in Amway (Malaysia) Holdings Bhd rose 2.50% this morning after it posted a 148% jump in net profit to RM18.49 million for the second quarter ended June 30 against RM7.46 million in the same period last year, due to higher sales and lower import costs on the back of favourable foreign exchange impact.

At 9.31am, Amway rose 15 sen to RM6.15 for a market capitalisation of RM1.01 billion.

Quarterly revenue was stagnant, inching up 1.31% to RM230.77 million against RM227.78 million previously. It declared an interim dividend of five sen per share, payable on Sept 26.

Net profit for the cumulative six months (6MFY19) grew 88.6% to RM29.11 million against RM15.44 million in the same period last year. Revenue was 3.27% higher year-on-year at RM478.26 million compared with RM463.1 million.