Success continues at Natural Health Trends
earnings for 2002, with net sales climbing 60 per cent on the prior
year to $39.7 million and income up by 203 per cent.
Natural Health Trends this week announced record revenues and earnings for 2002, with net sales climbing 60 per cent on the prior year to $39.7 million.
Net income for the year ended December 31, 2002, was $4.1 million, an increase of 203 per cent from the prior year.Mark Woodburn, president of Natural Health Trends, commented: "We are very encouraged with our results for last year. Currently with 4,628,731 common shares issued and outstanding and our last year's earnings of $4,1 million we feel that the company has made great strides over the past two years..."
He said that in the past year, the firm which markets Kaire brand nutritional supplements to more than 29 markets throughout Asia, North America and Eastern Europe, has stabilized its capital structure, put further resources into expanding into foreign markets and built a solid platform to support additional growth.
"The direct selling industry is attracting the attention of both investors and career based individuals and we are committed to enhancing shareholder value," added Woodburn.
