Reliv Keeps Reins Tight on Costs During 3Q02

Reliv Keeps Reins Tight on Costs During 3Q02

CHESTERFIELD, Mo.--Reliv International Inc. (NASDAQ:RELV)reported for its third quarter (3Q02), ended Sept. 30 and announced Nov. 5, thatcompany controls and sales increases worldwide added up to revenues growth forthe company.

Net sales were up to $16.2 million from $13.4 million, and gross margin heldits ground at 82.9 percent of sales. Operating expenses were up, as well, to$12.3 million compared to the same period last year's $10.4 million. Net profitwas $741,000, or $.07 per share earned, up from 3Q01's $407,000, or $.04 pershare earned.

The company's net sales increased 29 percent in the United States alone, anddouble-digit growth was also seen in Mexico and the United Kingdom.

Robert Montgomery, president and chief executive officer, stated that inaddition to better sales, the company's focus on controlling expenses also addedto the bottom line. "Our selling, general and administrative expenses werelower as a percentage of net revenue than in the year-ago period," he said.