Finances

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.

Life is beautiful, however, in many ways we live in strange and difficult times. And yet, in every crisis there is a hidden opportunity. Every challenge presents a new possibility. You just need to observe smartly and draw conclusions. And you must seize the opportunity. While some people see only the downside and the drawbacks in a difficult situation, we need to look for the sun and for the advantages.

Tomasz Chróstny, the President of the Office of Competition and Customer Protection is going to financially penalize the creators of business schemes based on pyramid type. In concept, the penalties will also affect the ones who promote such strategies. First investigation procedures have been opened against such figures as Damian Żukiewicz, a well-known youtuber.

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