Finances

In the first nine months of 2021, LR Group – the parent company of direct selling & network marketing organization LR Health & Beauty, has achieved 7.1% growth in sales compared to the same time period in 2020. The sales increase was seen across all regions, equating to EUR 220.8 million.

PM-International AG is providing support to 4,000 children around the world through its partnership with the relief, development and advocacy organization World Vision. The company is also donating more than 1.5 million Euros to support the nonprofit’s work around the world.

Business Coway has been included in the 2021 Dow Jones Sustainability World Index (DJSI) for the sixth consecutive year. The DJSI assesses governance, economic, environmental and social performance and features companies across 61 industries.

LR Group, the holding company for LR Health and Beauty Systems, announced double-digit growth trends in sales and profitability in the first six months of 2021. Sales increased 14.3% over the same period of the previous year, reaching EUR 153.2 million. Adjusted EBITDA also significantly increased (15.8%) to EUR 22.7 million in the first half of the year.

WFDSA announced global direct sales & network marketing of USD 179.3 billion for the year-ended December 31, 2020. Excluding China, worldwide retail sales showed a year-over-year increase of 5.8% with all regions around the globe experiencing increases in sales in 2020 versus 2019.

NewAge Inc. announced its financial results for the second quarter of 2021, reporting a 98% increase in net revenue, totaling $124 million. Gross profit for the quarter reached $84 million, an increase of 120% year-over-year. The company’s EBITDA stands at $1.7 million, with a basic earnings per share of $0.11.

Direct selling & network marketing is growing. Nature’s Sunshine Products reported a 25% increase in net sales, year-over-year, reaching a company record of $109 million. Adjusted net income per diluted share was $0.32, up from $0.28 during the same time period last year.

The World Federation of Direct Selling Associations (WFDSA) announced the results of the year ending December 31, 2020. Total global direct sales reached $179.3 billion and grew 5,8% year-over-year (with the exception of China, which increased 2,3%).

Nowadays the media and investigative journalists take full responsibility for revealing and reporting many irregularities and notifying them to the public via common media. This is very important because the financial losses of investors due to the bankruptcies of the pyramids are significant. This weakens the public confidence in public administration responsible for law in the state.

In the third quarter od 2020 Herbalife Nutrition noted net sales of 1.5 billion dollars which means that the sales rate has increased by 22% with comparison to the third quarter of 2019. The sum itself appears to be the highest quarterly result in the company’s history. Moreover, another company, Nu Skin Enterprise, has announced the revenue of 703.3 million dollars. It is the growth of 19% in year-to-year relation.