Natural Health Trends Corp., a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced its financial results for the quarter ended September 30, 2016.
Third Quarter2016 Financial Highlights
Total revenue decreased 13% to $70.7 million, compared to $80.8 million in the third quarter of 2015.
Revenue from the Company’s Hong Kong operations, which represented 93% of total revenue, decreased 13% to $65.9 million, compared to $75.9 million in the third quarter of 2015.
Revenue outside of Hong Kong decreased 2% to $4.8 million, compared to $4.9 million in the third quarter of 2015.
Operating income increased 3% to $15.2 million, compared to $14.8 million in the third quarter of 2015.
An additional income tax provision of $2.6 million was recognized in the third quarter