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
15
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 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search