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Amway: Weak ringgit to weigh on profit margin

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Amway: Weak ringgit to weigh on profit margin

T
The Edge TV

1 Views • Jan 05, 2017

Description

Amway (M) Holdings Bhd expects the ringgit's weakening against the U.S. dollar to pressure its profit margin. Its Executive Director Mike Duong says the company hedges its currency exposure annually to mitigate currency fluctuation.