Amore Pacific posted record earnings again as sales of its beauty products keep surging in China.
Korea’s biggest cosmetic maker on Monday said first-quarter revenues soared 22 percent compared to the same period last year to W1.76 trillion, while operating profit soared 31 percent to W419 billion (US$1=W1,141).
Sales in Asia grew 50 percent to play a key role in the stellar earnings performance. The operating margin reached 23.8 percent, which is even higher than Apple’s celebrated 23 percent and Google’s 21 percent last year.
Amore Pacific’s full-year operating margin is forecast at 18 to 20 percent given the cosmetics industry’s tendency to post higher operating profits in the first quarter due to lower marketing costs. But that is still an enviable edge for a manufacturer.
A company spokesman said brand awareness in China is rising,
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Morinda Wins 2 Stevie Awards
by Ted Nuyten • • 0 Comments
The American Business Awards announced the 2016 recipients of the prestigious Stevie Award.
Morinda is overjoyed to be the winner of two awards—one for the AGE Therapy Hand Wash and one for the motivational video “Morinda Life.”
The American Business Awards are the nation’s premier business awards program. For the 14th Annual American Business Awards this year, more than 3,400 nominations from organizations of all sizes and in virtually every industry were submitted for consideration in a wide range of categories.
“The judges were extremely impressed with the quality of entries we received this year. The competition was intense and every organization that has won should be proud,” said Michael Gallagher, president and founder of the Stevie Awards.
Morinda Life, an original documentary created to demonstrate how Morinda has changed the lives of individuals across the
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Direct Selling Momentum Ranks May – 2016
by Ted Nuyten • • 0 Comments
What is Momentum? Momentum is the magic of Direct Selling – MLM – Network Marketing. The “Holy Grail”.
You need a lot of “Momentum” in your Direct Selling career. Momentum is hard to build, and easy to lose….
If your company is not in our database, please fill in this form Add A Company.
Professionals are looking for momentum to join a new opportunity when they are in the market for a career switch.
Corporate executives or field leaders can create momentum. It represents that important element which transforms individuals, groups, and teams into that unstoppable force. Distributor groups are growing fast and are very successfull. It can happen when:
A new company or product(s) launches.
Successfull corporate executive or field leaders are coming in.
New countries are opening.
(International) conventions are held.
We have compiled this momentum list based on a
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Herbalife Q1 Revenue Up 1% To $1.1 Billion
by Ted Nuyten • • 0 Comments
Herbalife Ltd. Announces First Quarter 2016 Results and Raises Full Year Adjusted Guidance
First quarter 2016 adjusted1 EPS of $1.36 per diluted share increased 5% compared to $1.29 per diluted share for the comparable prior year quarter. Reported EPS increased 22% to $1.12 per diluted share compared to $0.92 per diluted share for the comparable prior year quarter.
First quarter 2016 reported net sales of $1.1 billion increased 1% and 11%, on an as reported and constant currency basis, respectively, compared to the prior year period.
Volume points increased 4% in the first quarter 2016 compared to the first quarter 2015.
Raises FY ’16 adjusted diluted EPS guidance to a range of $4.40 to $4.75; up from the previous range of $4.05 to $4.50.
Herbalife Ltd. (NYSE: HLF) reported first quarter net sales of $1.1 billion, reflecting
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Chanida And Nat Puranaputra Wor(l)d GN Hit President Millionaire
by Ted Nuyten • • 0 Comments
Chanida and Nat Puranaputra joined WOR(L)D Global Network in March 2016. The company achieved $157 million in sales in 2015.
If you needed another demonstration of the great momentum WOR(l)D is experiencing, here is the evidence.
The President Millionaire team is growing and welcomes Chanida and Nat Puranaputra: following an outstanding job in Thailand, the two have managed, in a very short time, to reach the top class among the qualifications of the marketing plan.
It was a team success, thanks to a pinpointed non-stop activity, which marks a new important moment for the WOR(l)D Leadership. This success comes through hard work, careful planning and the incredible 4WaysPayplan of WOR(l)D.
After Lamia Bettaieb, Toufik Rezig, Sergii Shevchenko, Sergii Afanasiev, Mongi Errahal, Abdullah Jameel Aldousrik and Olga Katz, the names of Chanida and Nat Paranaputra, along with
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Glen Jensen Rejoins Agel As Group CEO
by Ted Nuyten • • 0 Comments
Glen Jensen, who founded Agel Enterprises and led it to significant global growth during its first six years, is returning to the company in the newly-created position of Group CEO.
The announcement was made today by John Rochon Jr., founder of JRJR Networks [NYSE MKT: JRJR], which acquired Agel in 2013. Mr. Rochon also serves as Agel’s chairman.
“This is a great day for Agel, an emotional homecoming and a powerful affirmation of Agel’s future,” said Mr. Rochon. “Glen passionately shares my ultimate dream of our becoming the largest direct-to-consumer company in the world by 2033. With his return to lead Agel, I believe we’ve just taken another step toward that dream.
“Glen Jensen was the heart and soul of Agel in the days when he established it as a successful business and led its
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Nu Skin Q1 Revenue Down 13% To $471.8 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. announced first-quarter results above guidance, with revenue of $471.8 million, compared to $543.3 million in the prior-year period.
Revenue was negatively impacted approximately 5 percent by foreign currency fluctuations.
Earnings per share for the quarter were $0.06, or $0.42 excluding a non-cash charge associated with a recent Japan customs ruling. This compares to earnings per share in the prior-year period of $0.60. The company also announced that it is raising its guidance for the year.
“Our first-quarter performance was in line with our expectations and we are optimistic about the impact of upcoming product launches, which began in April and will continue in the second quarter,” said Truman Hunt, president and chief executive officer.
“We are seeing an enthusiastic response to the introductions of ageLOC Youth and ageLOC Me, and we anticipate
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QNET Expands In Niger – Africa
by Ted Nuyten • • 0 Comments
QNET, a company of Asian heritage and a part of the US$200 billion global direct selling industry, has come to Niger, marking the company’s official entrance into the West African nation.
The opening of an Agency office here will enable the people of Niger to touch, feel and benefit from the high quality global products that QNET offers to consumers worldwide as well as the business opportunities it offers.
QNET’s direct selling model encourages individuals without a business experience to employ skills and the winning attitude to heighten their opportunities and improve their lifestyles. QNET aims to offer this entrepreneurial opportunity to as many locals as possible.
“QNET is proud to have an agent in Niger because QNET is committed to having a local customer service support for the people of Niger and help both
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Buyezee Launching Internet Advertising Services
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BUYEZEE gets ready to profit from Internet Advertising. BUYEZEE today announced that they will be launching their Internet Advertising Services on 16th May 2016
With the spend on Internet Advertising expected to exceed TV Advertising to become the largest single advertising category rising to a staggering spend of US$239.87BN in 2019.
BUYEZEE is positioning themselves with the perfect complimentary marketplace and opportunity to their already existing partner Shop Owner product comparison websites which already attract 100,000’s of visitors monthly – and with their current growth rates should well exceed 1,000,000’s per month over the next few months.
Antony Spear – BUYEZEE CTO stated:
As our good reputation and brand expands globally, we can see that this additional service is the natural expansion and perfect service for us to offer. E
e will unveil on the 16th May
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ForeverGreen – FgXpress Q1 Sales Down 32% To $12 Million
by Ted Nuyten • • 0 Comments
Sales drops down from $17.8 Million in Q1 – 2015 to approx. $12 Million in Q1 – 2016.
Advanced efforts have begun and cut over $500K on a monthly basis.
ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, announced the company has continued to make profitability a priority in 2016 with several advances in its business operations, some of which include cost cutting, trimming markets, staff reorganization among other changes to make operations more efficient.
“During the first quarter of 2016, our sales reached approximately $12 million,” said Jack Eldridge, CFO.
Our recent cost cutting measures have cut over $500,000 a month in overheard.
With these efforts, including staff and region reorganization, and anticipating the launch of several new products in the next few weeks, we anticipate second quarter revenues