Home / Knowledge / News / Textiles / H1 revenue remains unchanged at Coats
H1 revenue remains unchanged at Coats
28
Jul '16
Revenue at industrial threads manufacturer Coats remained unchanged at $718 million for the six months ended June 30, 2016 which it ascribed to tougher market conditions.

Operating profit for the reporting period, however soared 24 per cent year on year to $77 million on an adjusted basis, but was higher at 44 per cent on a reported basis.

The company said its adjusted EPS too surged 24 per cent in the first half of 2016 to 2.08 cents due to higher operating profit and reduction in tax rate offset mainly by unrealised losses on foreign exchange hedges.

Coats also added that its Americas Crafts business margin increased, despite tough market conditions, due to focus on costs.

Adjusted free cash flow for the last twelve months totaled to $82 million, as against $75 million in the 12 months to June 2015, primarily due to higher profitability.

CEO Paul Forman said, “We delivered productivity gains, tightly managed our overheads and greater sales volumes led to a positive operational gearing effect.” (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Suresh Patel
Sidwin Fabric

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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