Reliv International (RELV) swung to a net profit for the quarter ended Dec. 31, 2016. The company has made a net profit of $0.27 million, or $ 0.15 a share in the quarter, against a net loss of $0.21 million, or $0.11 a share in the last year period.
Revenue during the quarter dropped 13.48 percent to $10.64 million from $12.29 million in the previous year period. Gross margin for the quarter expanded 153 basis points over the previous year period to 78.43 percent. Operating margin for the quarter period stood at positive 2.59 percent as compared to a negative 1.70 percent for the previous year period.
Operating income for the quarter was $0.28 million, compared with an operating loss of $0.21 million in the previous year period.
Debt comes down significantlyReliv International has recorded a decline in total debt over the last one year. It stood at $2.91 million as on Dec. 31, 2016, down 26.23 percent or $1.03 million from $3.94 million on Dec. 31, 2015. Total debt was 12.94 percent of total assets as on Dec. 31, 2016, compared with 16.24 percent on Dec. 31, 2015. Debt to equity ratio was at 0.19 as on Dec. 31, 2016, down from 0.25 as 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
