Natural Health Trends Corporation (NHTC) has reported a 39.05 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $19.05 million, or $1.70 a share in the quarter, compared with $13.70 million, or $1.13 a share for the same period last year.
Revenue during the quarter dropped 15.40 percent to $62.31 million from $73.66 million in the previous year period. Gross margin for the quarter expanded 131 basis points over the previous year period to 80.84 percent. Total expenses were 67.88 percent of quarterly revenues, down from 81.14 percent for the same period last year. This has led to an improvement of 1326 basis points in operating margin to 32.12 percent.
Operating income for the quarter was $20.01 million, compared with $13.89 million in the previous year period.
Operating cash flow drops significantly
Natural Health Trends Corp has generated cash of $53.17 million from operating activities during the year, down 34.62 percent or $28.15 million, when compared with the last year.
The company has spent $0.90 million cash to meet investing activities during the year as against cash outgo of $3.74 million in the last year.
The company has spent $30.60 million cash to carry out financing activities during the year as against cash outgo of $17.47 million in the last year period.
Cash and cash equivalents stood at $125.92 million as on Dec. 31, 2016, up 20.02 percent or $21.01 million from $104.91 million on Dec. 31, 2015.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
