Home / Knowledge / News / Textiles / Hirsch International net income grows to $.22 Cents per share
Hirsch International net income grows to $.22 Cents per share
13
May '08
Hirsch International Corp the leading provider of advanced embroidery, screen-printing and textile laser systems and services to the North American graphic and decorated apparel marketplace, reported its financial results for the fourth quarter and twelve months ended December 31, 2007.

Hirsch's net income for the year ended 2007 was $2.1 million or $0.22 per diluted share. This compares to net income of $1.3 million or $0.14 per diluted share for the prior year.

Last year, Hirsch changed its fiscal year end from January 28, 2006 to a calendar year ending December 31, 2006, which is reflected in the Company's reporting of financial results for the twelve months ended December 31, 2007, thus the twelve months ended December 31, 2007 are compared with the eleven months ended December 31, 2006.

Management Comment:
“Revenues in the fourth quarter continued to reflect a challenging market environment. Despite the soft market we experienced throughout 2007, we are pleased with our overall achievements for the year.

Net income increased 57% to over $2 million; our balance sheet strengthened with over $16 million of cash; and we made significant progress expanding both our product offering and market presence with a 15% increase in “on the street” staffing – all of which will provide a perfect platform to capitalize on the eventual and inevitable rebound in the economy and industry,” said Paul Gallagher, Hirsch's President and Chief Executive Officer.

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Giorgio Mantovani
Corman S.p.A

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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:
April 2017

April 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