Home / Knowledge / News / Apparel/Garments / Delta Apparel's gross profit up 23.17% in Q1 FY16
Delta Apparel's gross profit up 23.17% in Q1 FY16
Feb '16
Delta Apparel, a US based designer and merchandiser of branded apparel, reported a rise of 23.17 per cent in its gross profit to $18.8 million in the first quarter of fiscal 2016, ending on January 2, as compared to $15.3 million in the first quarter of the previous fiscal, according to a press statement released by the company.

Net sales for the first quarter of FY16 was reported to be $90.2 million as compared to $93.4 million in the corresponding quarter of last fiscal, a fall of 3.42 per cent.

The company reported a net income of $681,000 or $0.09 per diluted share in this period as compared to a net loss of $4.2 million or $0.53 per diluted share previously.

Total assets with the company were reported to be $324.41 million in this quarter as compared to $347.92 million in the same period last fiscal.

Commenting on the results, Robert Humphreys, chairman and CEO of Delta Apparel said, “Given all of the hard work our team has put in to implement our strategy of making Delta a more nimble and responsive company, our ability to operate profitably during the first quarter should come as no surprise.”

“We expect continued growth as the fiscal year continues. We remain focused on initiatives that should improve our profitability and provide avenues for further growth,” he added. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search