Reliv International Sales See Healthy Growth
December 8, 2003
Reliv International Sales See Healthy Growth
CHESTERFIELD, Mo.--Reliv International Inc.(NASDAQ:RELV), a manufacturer and network marketer of nutritional supplements,reported Nov. 5 that for its third quarter (3Q03), ended Sept. 30, strongdomestic and international sales led to strong sales and earnings for thecompany.
Sales rose to $19.6 million from $16.2 million, and gross margin posted at83.2 percent of sales from 82.9 percent. Operating expenses rose to $14.3million from $12.3 million, and net income climbed to $1.2 million, or $.10earned per share, form $741,000, or $.07 earned per share.
"Once again, our operations in the United States set the pace for thecompany," said Robert Montgomery, president and chief executive officer."However, most of our international markets grew at a double-digitpercentage pace, as well." The company also saw a modest level of sales inMalaysia, where Reliv set up shop in September.
You May Also Like