Hot Business News Today

Hot Business News Today

USANA Donates $1.5 Million RMB To China Earthquake Relief Efforts

by  •  • 0 Comments

 
 
Disaster can strike anywhere, anytime and the effects are felt around the world. That’s when organizations like the USANA True Health Foundation step in. Because of the way the foundation is set up, it’s in a position to help with unforeseen catastrophes in an urgent and timely manner. The non-profit organization donated $1.5 million RMB to aid in relief efforts surrounding the massive 6.5 magnitude earthquake that struck Yunnan province, southwestern China province on August 2.
Contributions will go to the China Foundation for Poverty Alleviation (CFPA), a non-profit organization, engaged in managing domestic and overseas-donated funds and materials.
“It’s devastating when a natural disaster hits your home, and we will be there when people are suffering,” said President of the USANA True Health Foundation, Elaine Pace. 
“We thank all the members of our USANA family who have made it possible for the True Health Foundation to assist in life-saving events such as this.”
The $1.5 million RMB donation includes cash and premium products provided by USANA Health Sciences.  The money will be transferred to CFPA, supplies such as food, water, tents and other urgent needs will be delivered to the Yunnan Civil Affairs Bureau and 200-thousand boxes ofUSANA® Probiotics will be delivered

Read more...

Hot Business News Today

NHTC Reports Q2 Revenue More Than Tripled to $34.2 Million

by  •  • 0 Comments

 
 
Natural Health Trends Corp., a leading direct selling company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced financial results for the quarter and six month periods ended June 30, 2014.
 
Second Quarter Financial Highlights

Total revenues were $34.2 million, up 223% compared to $10.6 million in the second quarter last year.
Operating income was $6.2 million, up 551% compared to $948,000 in the second quarter last year.
Net income was $6.1 million, or $0.49 per diluted share, compared to $904,000, or $0.08 per diluted share, in the second quarter last year.

Year-to-Date Financial Highlights

Year-to-date revenues were $57.4 million, up 198% compared to $19.2 million in the first six months last year.
Operating income was $9.3 million, up 649% compared to $1.2 million in the first six months last year.
Net income was $9.2 million, or $0.76 per diluted share, compared to net income of $1.2 million, or $0.11 per diluted share, in the first six months last year.

“This was another excellent quarter for Natural Health Trends,” remarked Chris Sharng, President of Natural Health Trends Corp. “Orders taken during the second quarter were very strong.  In addition, the quarter’s financial results also benefited from delivering significant orders

Read more...