Merion, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
September 10, 2019 at 06:04 am EDT
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Merion, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 1.477 million compared to USD 146,909 a year ago. Operating income was USD 782,031 compared to operating loss of USD 336,353 a year ago. Net income was USD 777,255 compared to net loss of USD 325,810 a year ago. For the half year, total revenue was USD 1.626 million compared to USD 211,617 a year ago. Operating income was USD 300,966 compared to operating loss of USD 1.431 million a year ago. Net income was USD 555,131 compared to net loss of USD 1.365 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
Merion, Inc. is a provider of health and nutritional supplements and personal care products. The Company focuses on nutritional and beauty products, and OEM and packaging products. The Company mainly sells its products over the Internet directly to end-user customers through its Website, www.merionus.com, and to wholesale distributors through phone and electronic communication. The Company's major customers for its nutritional and beauty products are located in the Asian market, predominantly in the People's Republic of China. The Company's major customers for its original equipment manufacturer (OEM) and packaging products are located in the United States. The Company's products include Noir Naturel, Viwooba (1-3), Lady-S, ReMage-Power, Gold King, Tai Bao, and New Power. The Company also provides OEM and packaging services for hard capsules, tablets, solid beverages (sachet packaging), teabags, powder, granules, dietary supplements, soft gel capsules, and health foods.
MERION, INC. 
