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Nu Skin S&E

This article was originally published in The Rose Sheet

Executive Summary

Personal care division sales increase 4% to $113.1 mil. in fourth quarter, boosted by introduction of new products in Japan and opening of the Malaysian market, direct-seller announces in 1Feb. 4 sales release. For the year, sales in the personal care division declined 4% to $423.7 mil. Consolidated sales for the fourth quarter were $232.6 mil., an increase of 4%, and net income fell 16% to $13.6 mil. For 2001, sales were flat at $885.6 mil, while net income plummeted 18.5% to $50.3 mil. largely due to weakening of the Japanese yen, Nu Skin said. Provo, Utah marketer expects Olympic sponsorship will positively impact business in 2002 (2"The Rose Sheet" Dec. 3, 2001, Marketing In Brief)...
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