Natural Health Trends Corp
May 3, 2023
HONG KONG, May 3, 2023 --
Natural Health Trends Corp. reported first-quarter 2023 revenue of 11.9 million dollars, up 3 percent from 11.5 million dollars a year earlier, the company's first year-over-year sales increase since the third quarter of 2021. Operating loss was 394,000 dollars. Net income was 257,000 dollars, or 0.02 dollars per diluted share, versus a net loss of 105,000 dollars a year earlier.
Hong Kong net sales rose 10 percent year over year. Active members were 38,330 at quarter-end, down slightly from 38,660 at year-end 2022 and down 14 percent from a year earlier. Cash and cash equivalents were 66.6 million dollars. The board declared a 0.20 dollar quarterly dividend payable May 26, 2023.
President Chris Sharng said consumers had been slow to participate in China's reopening after Zero-Covid policies ended and that an improving operating environment could support business development as people become more willing to meet, gather and travel.