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Nu Skin reports rise in '09 net income

PROVO — Nu Skin Enterprises Inc. said Thursday that it had net income of $89.8 million, or $1.42 per share, for 2009. That compares with $65.3 million, or $1.03 per share, in 2008.

Revenues totaled a company-record $1.3 billion, up from $1.2 billion a year earlier.

Fourth-quarter net income was $30.3 million, or 47 cents per share, compared with $14.5 million, or 23 cents per share, in the 2008 fourth quarter. Revenues grew to $378 million from the year-earlier quarter's $317.6 million.

The direct-sales company had more than 760,000 independent sales representatives.

Nu Skin stock rose 76 cents Thursday to close at $25.72. During the past year, the price has ranged from $7.90 to $28.78.