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

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

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

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
March 2017

March 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