With a 19% increase in revenues during the fourth quarter last year and an 8% increase overall in 2003, the Pharmanex division of Nu Skin Enterprises is enjoying healthy growth. Pharmanex generated $472.1 million in 2003, driven by strong sales which outpaced Nu Skin’s 2% overall revenue growth. By the end of fiscal year 2003, Pharmanex’s nutritional sales represented 48% of total Nu Skin sales of $987 million, up from 46% in 2002.
“The most signific
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