Reliv International Reports Fourth-Quarter Results

CNN Money

Reliv International, Inc., a wellness and direct selling company, today reported net sales for the fourth quarter of $24.6 million, compared to $28.6 million in the same quarter of 2006.

Net income for the fourth quarter equaled $697,000 or $0.04 per diluted share, compared to net income of $2.0 million or $0.12 per diluted share in the fourth quarter of 2006.

Reliv reported U.S. sales of $21.1 million for the fourth quarter, compared to $25.4 million for the same quarter in 2006. International net sales (sales outside of the U.S.) equaled $3.5 million compared to $3.2 million for the fourth quarter of 2006.

Net sales for 2007 equaled $111.1 million compared to $117.5 million for 2006. Net income for 2007 was $5.0 million or $0.31 per diluted share, compared to net income of $7.9 million or $0.47 per diluted share in 2006. International net sales for the year rose approximately 9 percent to $12.7 million due primarily to the weakening U.S. dollar.

Powered by ScribeFire.