Interviews
News Flash
HTnaturals Apparel sales up for Q2
18 Aug '08
1 min read
Naturally Advanced Technologies Inc announced second quarter sales results for its apparel division, HTnaturals, a provider of environmentally sustainable hemp, bamboo, organic cotton and soy blended apparel.
For the second quarter ended June 30, 2008, HTnaturals posted sales of US$579,000 an increase of 22% over the same period last year, with year to date sales of US$1,533,000, an increase of 40% over the same period 2007.
Year to date gross margin is running at approximately 36%, or US$562,000, as compared to US$359,000, or 33%, for the same period in 2007.
"Sales results for Q2 were significant as we continue to show robust revenue growth year over year", said CEO Ken Barker.
"While Q2 is traditionally a slower quarter in the apparel industry, our focus on operational efficiencies has increased our gross margins from this time last year.
We anticipate the remainder of 2008 to continue to deliver sales and margin growth as forecasted."
For the second quarter ended June 30, 2008, HTnaturals posted sales of US$579,000 an increase of 22% over the same period last year, with year to date sales of US$1,533,000, an increase of 40% over the same period 2007.
Year to date gross margin is running at approximately 36%, or US$562,000, as compared to US$359,000, or 33%, for the same period in 2007.
"Sales results for Q2 were significant as we continue to show robust revenue growth year over year", said CEO Ken Barker.
"While Q2 is traditionally a slower quarter in the apparel industry, our focus on operational efficiencies has increased our gross margins from this time last year.
We anticipate the remainder of 2008 to continue to deliver sales and margin growth as forecasted."
Naturally Advanced Technologies Inc
Popular News
Leave your Comments
Editor’s Pick
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)")
