Reliv International posts losses for 4Q

Reliv International posts losses for 4Q
Rate this News

Reliv International Inc. swung to losses for both the fourth quarter and full year of 2015 due to a slump in sales.

For the fourth quarter, the Chesterfield-based nutrition supplement company posted a net loss of $206,100, or 2 cents per share, compared with a net income of $998,300, or 8 cents per share, a year ago.

Quarterly net sales dropped 13 percent to $12.3 million.

For the full year, Reliv reported a loss of $1.2 million, or 10 cents a share, compared with a profit of $12.7 million, or 6 cents a share, a year earlier. Annual sales dipped 10 percent to $51.8 million.

“The results of the fourth quarter and all of 2015 are not acceptable,” Robert Montgomery, chairman and CEO, said in a statement. “In order to put us back on an upward trajectory we have restructured our distributor compensation to make the home-based business opportunity more attractive.”

Article Source:

03/27/2016 |

Copyright © 2017, MLM Online | No.1 MLM Classified

Skip to toolbar