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Beauty Industry, Mergers and Acquisitions

NuGene’s Profits Rise for the Second Quarter of 2015

NuGene International has announced a 153% revenue growth for the second quarter of 2015.

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By: Marie Redding

Senior Editor, Rodman Media

NuGene International, Inc. has announced it had sales of $536,363 in Q2 – and this represents a 153% growth in revenue, as compared to the same time period in 2014, when revenue was $211,667.

A spokesperson attributed the increase to the company’s ongoing focus on expanding its distribution through professional channels, including dermatologists, plastic surgeons, medical offices and spas.

Ali Kharazmi, co-founder and CEO of NuGene International, stated, “We are delighted to report year over year revenue growth as our core business continues to expand and our brand gains greater name recognition. We are starting to see the commercial benefits of our newly created dedicated sales force. From here we hope to build our strategic vision of becoming a leading cosmetics brand. We continue to invest in developing both our cosmeceutical and biopharmaceutical product lines, while expanding our distribution base through agreements such as the one recently announced with Jon’Ric International.”

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