Company News

Sales Jump at Divine Skin

But so do net losses.

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By: TOM BRANNA

Editor

Divine Skin Inc., which formulates, develops, and markets new personal care products, announced that its 2011 sales rose 77% to $9.7 million. However, the company reported that net losses surged 531% to $980,892.


During the year, the company added several new distributors in the US and around the world.

“While Divine Skin set several new records in 2011, today’s announcement is just an indication of what’s to come,” said Divine Skin CEO Daniel Khesin. “We believe the demand for our innovative brands and products will continue to accelerate. With this increased demand, we believe we will continue to add significant value for our shareholders.

“Our hair-stimulating products have entered the daily routines of hundreds of thousands of customers,” Khesin continued. “Recent clinical studies have shown that our topical treatments are achieving nearly 100% response during early-stage hair loss, which makes a big difference in the lives of many users.”

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