Interviews
News Flash
Tag-It Pacific Q1 loss narrows
25 May '06
2 min read
Tag-It Pacific Inc, owner of Talon zippers and a full service trim management supplier for manufacturers of fashion apparel, has announced its financial results for first quarter of 2006.
For the three months ended March 31st 2006 the company reported net sales of $10,638,000, reflecting an increase of $1.5 million, or 16 percent over the previous three months ended December 31st 2005. The sales for the first quarter of 2006 were $2.4 million lower than sales for the three months ended March 31st 2005.
"Our sales for the first quarter of the year are seasonally one of the lower quarters within the year, and we were generally pleased with the quarter's performance," said Stephen Forte, the company's CEO.
The company's sales have followed the overall apparel manufacturing market during the last year as manufacturing has shifted from the Latin American countries to Asia and other parts of the world. Sales within Mexico and the Dominican Republic for the three months ended March 31st 2006 were $2.8 million as compared to $5.8 million for comparable sales in the same period in 2005.
Sales within Asia for the three months ended March 31st 2006 were $6.3 million as compared to $4.3 million for comparable sales in the same period in 2005. While the company's Asian operations have grown with this market shift, the company has not fully regained the volume losses arising from the decline within the Mexican marketplace or the restructuring in 2005that eliminated assembly operations in Mexico and manufacturing operations in the US.
For the three months ended March 31st 2006 the company reported net sales of $10,638,000, reflecting an increase of $1.5 million, or 16 percent over the previous three months ended December 31st 2005. The sales for the first quarter of 2006 were $2.4 million lower than sales for the three months ended March 31st 2005.
"Our sales for the first quarter of the year are seasonally one of the lower quarters within the year, and we were generally pleased with the quarter's performance," said Stephen Forte, the company's CEO.
The company's sales have followed the overall apparel manufacturing market during the last year as manufacturing has shifted from the Latin American countries to Asia and other parts of the world. Sales within Mexico and the Dominican Republic for the three months ended March 31st 2006 were $2.8 million as compared to $5.8 million for comparable sales in the same period in 2005.
Sales within Asia for the three months ended March 31st 2006 were $6.3 million as compared to $4.3 million for comparable sales in the same period in 2005. While the company's Asian operations have grown with this market shift, the company has not fully regained the volume losses arising from the decline within the Mexican marketplace or the restructuring in 2005that eliminated assembly operations in Mexico and manufacturing operations in the US.
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
