Amway (Malaysia) Holdings Bhd 2020 Annual Report with Sustainability Disclosures
Company: Amway (Malaysia) Holdings Bhd
Sector: Wholesale & retail
Country: Malaysia
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 179
The report highlights Amway's performance during the fiscal year 2020, showcasing resilience and adaptability amidst the COVID-19 pandemic. Despite challenging conditions, the company achieved record sales revenue of RM1,153.5 million, representing a 19.4% increase from the previous year, driven by high demand for health and wellness products. Amway accelerated its digital transformation by launching a new eCommerce website and digital tools to support its growing force of over 274,100 Amway Business Owners. Additionally, the company demonstrated strong community commitment by donating over RM1.9 million worth of air purifiers and other essential supplies to support pandemic relief efforts.
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