Home / Knowledge / News / Textiles / HTnaturals continues to see solid growth during Q1
HTnaturals continues to see solid growth during Q1
21
Apr '08
Naturally Advanced Technologies Inc announced record quarterly revenue for the first quarter of 2008 from its apparel division, HTnaturals, a leading provider of environmentally sustainable hemp, bamboo, organic cotton and soy blended apparel.

First Quarter Results:
For the three months ended March 31, 2008, HTnaturals posted sales of $953,000, an increase of 55% over the same period in 2007. Business at HTnaturals continued to see solid growth during the quarter as B2B and special make up orders increased strongly from the same period last year.

The company's retail line, Elements, also saw strong gains during the quarter as additional retail customers were added to the distribution network. Gross margin increased by 49% to $351,000 for the three months ended March 31, 2008, up from $235,000 for the same period in 2007.

These record quarterly results came on the heels of record annual results for fiscal year 2007. "Q1 of 2008 was a milestone quarter for the Company. Sales of our organic, sustainable apparel continued to show robust growth in our markets, showing strong sales diversification across all distribution channels, said Ken Barker, CEO, Naturally Advanced Technologies Inc.

"Most importantly, we continue to see operating efficiencies deliver increased gross margin figures, a key metric in our business that points to sound supply chain and fiscal management. We anticipate these gains to increase throughout the rest of the year."

Naturally Advanced Technologies Inc


Must ReadView All

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X