Natural Health Trends Corp
February 7, 2024
HONG KONG, February 7, 2024 --
Natural Health Trends Corp. reported fourth-quarter 2023 net sales of 10.9 million dollars, up 3 percent sequentially from the third quarter but down 13 percent from 12.5 million dollars a year earlier. Net income was 358,000 dollars, or 0.03 dollars per diluted share, compared with 188,000 dollars, or 0.02 dollars, a year earlier.
Full-year 2023 sales were 43.9 million dollars, down 11 percent from 49.1 million dollars, while net income rose to 568,000 dollars from 313,000 dollars. Active Members fell 16 percent year over year to 32,410 at December 31, 2023. President Chris Sharng said sequential order growth came despite tepid China consumer sentiment and price increases in several markets.
Cash and cash equivalents were 56.2 million dollars at year end. The board declared a quarterly cash dividend of 0.20 dollars per share payable March 1, 2024. Natural Health Trends markets personal care and wellness products under the NHT Global brand through direct selling and e-commerce.