Natural Health Trends Corp
July 31, 2024
HONG KONG, July 31, 2024 --
Natural Health Trends reported second-quarter 2024 revenue of 10.5 million dollars, unchanged from a year earlier, with Hong Kong posting its first year-over-year net sales increase since the first quarter of 2023. The operating loss narrowed to 238,000 dollars from 743,000 dollars, and net income was 173,000 dollars, or 0.02 dollars per diluted share, compared with a loss of 219,000 dollars.
Active members fell 15 percent from a year earlier to 31,110. President Chris Sharng said the company's programs and promotions were maintaining engagement in a harder-than-expected environment. The company declared a quarterly cash dividend of 0.20 dollars per share.
Separately, the board expanded to five members on July 29 and elected Lucy Nduati as a director. Nduati has served companies controlled by George K. Broady, whose family trusts are major stockholders, and the trusts backed her candidacy.