Home / Knowledge / News / Apparel/Garments / Delta Galil FY19 net sales rise 13%

Delta Galil FY19 net sales rise 13%

29
Feb '20
Pic: Delta Galil
Pic: Delta Galil
Delta Galil, the global manufacturer of branded and private label apparel products for men, women and children, reported 11 per cent record sales of $504.8 million in the fourth quarter (Q4) FY19. Sales for the complete fiscal FY19 that ended on December 31, 2019 increased 13 per cent to $1,690.2 million, from $1,498.4 million in FY18, as company reported.
 
Operating profit increased 36 per cent to $52.2 million in the fourth quarter compared to $38.4 million in same quarter prior year. For the 2019 full year, operating profit increased 29 per cent to $103.7 million compared to $80.7 million in FY18.
 
Net income increased 44 per cent to $35.6 million in Q4 FY19, compared to $24.7 million in the same quarter FY18. For full FY19, net income increased 20 per cent to $57.7 million from $48.2 million in FY18.
 
Delta Galil in its initial guidance for FY20 estimates the negative impact of the corona virus on its first half of FY20. Sales for FY20 are expected to range between $1,740 million-$1,770 million, representing an increase of 3-5 per cent from FY19 actual sales of $1,690.2 million, as company reported. Net income for FY20 is expected to range between $57 million - $62 million.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Apr 2020

UKFT campaigns to support small companies amid COVID-19

UKFT is urging the government to provide support for individuals or...

Pic: Shutterstock

Apparel/Garments | On 3rd Apr 2020

China's silk town Shengze sends face masks to Milan

The Shengze Chamber of Commerce in the city of Suzhou in China’s...

Pic: H&M

Fashion | On 3rd Apr 2020

H&M awards €1 mn to five innovations of fashion industry

From lab-grown cotton and creating fabrics from protein DNA, to...

Interviews View All

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

DP Kumar,

DP Kumar

Weaves is South India's premier textile fair organised by Texvalley in...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

Nisha Chanda, Whistling Woods International School of Fashion

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

Leave your Comments


March 2020

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


Advanced Search