Reliv International’s Q4 net income dips to $249,919

by louabbott on March 4, 2009

March 4, 2009

Reliv International, a nutrition and direct selling company, has reported a net income of $249,919, or $0.02 per diluted share, for the fourth quarter ended December 31, 2008, compared to $696,998, or $0.04 per diluted share, in the corresponding quarter of 2007.

Net sales for the fourth quarter of 2008 were $22.1m, compared to $24.6m in the fourth quarter of 2007. Income from operations in the fourth quarter of 2008 rose to $1.3m compared to $1.1m the 2007 fourth quarter.

For the year ended December 31, 2008, net sales equaled $98.2m, down 11.6% from $111.06m in 2007. Net income for 2008 was $2.9m, or $0.19 per diluted share, down from $5m, or $0.31 per diluted share, in 2007. Net cash generated from operating activities was $4.4m for 2008, down from $4.8m for 2007.

Read the entire article at Food Business Review

Also, read our company overview:  Reliv Facts, News and Review

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