USA: Weight Watchers reports 30% rise in 2002 revenue
US weight-loss service provider Weight Watchers International has reported a 65% fall in fourth-quarter net income, due to high year-earlier results that were boosted by a tax-related benefit. The company posted net income for the quarter to 28 December of US$28.4m, compared with $81.8m in the year-ago period. Excluding unusual items, the company said year-earlier earnings were $19.2m.
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