Home / Knowledge / News / Apparel/Garments / Robust domestic demand lifts Cia Hering's Q3 sales
Robust domestic demand lifts Cia Hering's Q3 sales
24
Jan '14
Driven by robust sales numbers, Brazil’s Cia Hering, which is engaged in the fashion industry, witnessed a healthy rise in net profit in the third quarter of 2013.
 
The company, which is one of the largest retail and apparel designers and manufacturers in Brazil, reported a consolidated rise of 12 per cent in gross revenue at R$ 435 million in Q3 2013 from R$ 388 million in the same period a year ago driven by higher revenues from domestic and foreign markets.
 
Revenue from domestic markets on a consolidated basis grew by 12.1 per cent to R$ 427 million in Q3 2013 from R$ 380 million in the same period a year ago aided by healthy performance from all its major brands.
 
The company’s major brand Hering witnessed a 10.7 per cent rise in consolidated sales at R$ 309 million in Q3 2013 from the same period a year ago driven by strong performance in the multi-brand channel.
 
Gross sales of the Hering Kids brand rose by 36.5 per cent, year on year at R$ 46 million in Q3 2013.
 
Gross revenue from overseas markets on a consolidated basis grew by 5.3 per cent, year on year in the third quarter of 2013.
 
The company posted net revenue growth of 11.4 per cent at R$ 361 million in Q3 2013 from R$ 323 million in the same period a year ago.
 
In the backdrop of higher revenue, Cia Hering posted a consolidated net profit of R$ 58.2 million in Q3 2013, up by 6.7 per cent from R$ 54.6 million in the same period a year ago.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 28th Apr 2016

India clarifies position on export subsidies on cotton

The government has clarified India is not a major user of the export...

Textiles | On 28th Apr 2016

Pakistan’s Commerce Ministry to fund textile research

The Pakistani government has said that it would fund the research...

Courtesy: Pacific Brands

Apparel/Garments | On 28th Apr 2016

HanesBrands to buy top Aus underwear co Pacific Brands

HanesBrands, a leading worldwide marketer of underwear, intimate...

Interviews View All

Rajiv Sirohi
Shara

What kind of fabric is in demand in export markets of home textiles? What...

Shawn Neville
Avery Dennison RBIS

What is on-garment branding? You claim that on-garment branding is...

Pierre Wiertz
EDANA

EDANA recently collaborated with ANNA to facilitate free trade between...

Tapas Nandi
ITEMA Weaving (I) Pvt. Ltd

Tapas Nandi is President of ITEMA Weaving (India) Private Limited. He has...

Marten Alkhagen
Swerea IVF AB

<b><i>Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles...

Leen Osterloh
Trutzschler Nonwovens

Mr. Leen Osterloh is post graduate in Economics from University of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

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

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search