Natural Health Trends Corp. (NHTC) announced revenue of $23.4 million for the second quarter ended June 30, 2019, a decrease of 54 percent from $50.9 million in Q2 2018.
The company did, however, see revenue increase 21 percent compared to $19.3 million in the first quarter of 2019.
“While we continued to face challenges in China that placed significant pressure on our top line, we were pleased with the high level of commitment shown by our members through the difficult operating environment,” said Chris Sharng, president of Natural Health Trends Corp.
Sharng noted that though the Chinese government’s 100-day campaign expired in late April, there has been no official conclusion to formally end the program.
“As such, we continued our voluntary suspension of member activities in China through the entirety of the second quarter as our cooperation with the Chinese government is a top priority,” Sharng said. “We continue to believe this proactive approach is the best way to position our company for longer-term success and support the actions taken by the Chinese government to protect Chinese consumers.”
For the year, NHTC’s revenue is $42.8 million, down 59 percent compared to $103.3 million in the first six months of 2018.
To see the full NHTC Q2 financial report, click here.