Record results for NHTC

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Related tags: Dietary supplement, Corporation

Dallas-based Natural Health Trends Corporation ended 2001 with
record sales of $24.8 million (€27.8m), a substantial increase
compared to the $8.3 million registered in 2000.

Financial results from many of the leading vitamin and mineral supplement suppliers have made dismal reading in recent weeks, but it is not all doom and gloom. Dallas-based Natural Health Trends Corporation ended 2001 with record sales of $24.8 million (€27.8m), a substantial increase compared to the $8.3 million registered in 2000.

The company said that the increased sales for the year were primarily from the sale of the Viacreme and Skindulgence brands produced by NHTC's Lexxus subsidiary, although the eKaire vitamin and nutritional supplement business also showed a slight rise in sales.

NHTC​ reported gross profits of $18.9 million, up from $5.9 million in 2000, an increase of 320 per cent. The company attributed the increases to a rise in gross sales by both Lexxus and eKaire. Net income for the year was $2 million, compared to a loss of $10,6 million in 2000.

"I believe the numbers released today clearly reflect on my previous comments that this company is greatly undervalued,"​ stated Mark Woodburn, president of Natural Health Trends Corp.

"We are currently doing business in 25 countries and spent a great deal of time and capital resources opening up all of these new markets in 2001 and still showed a nice net profit for the year. We expect to see the results of these efforts reflective in 2002. My hat is off to all the great people within our organisation that have contributed so much of their time and effort to help this company realise its goals and vision,"​ he added.

Related topics: Suppliers

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