Natural Health Trends Corp. said its third-quarter normalized net income came to 85 cents per share, a gain of 13.7% from 75 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.5 million, an increase from $9.2 million in the year-earlier period.
The normalized profit margin climbed to 13.5% from 11.3% in the year-earlier period.
Total revenue fell 12.5% on an annual basis to $70.7 million from $80.8 million, and total operating expenses declined 15.9% on an annual basis to $55.5 million from $66.0 million.
Reported net income fell 13.2% on an annual basis to $12.6 million, or $1.12 per share, from $14.5 million, or $1.18 per share.