Home / Knowledge / News / Apparel/Garments / Hampshire announces filing of its 2006 Form 10K

Hampshire announces filing of its 2006 Form 10K

15
Sep '07
Hampshire Group Limited announced that it has filed its annual report on Form 10-K for the year ended December 31, 2006 with the United States Securities and Exchange Commission. This press release should be read in conjunction with the filed annual report referred to in this release.

Results for the Twelve Months Ended December 31, 2006:
Net sales for the year ended December 31, 2006 were $347.9 million compared with $324.3 million for the prior year.

Net sales for 2006 included $64.8 million of incremental net sales attributed to David Brooks, Shane Hunter, and Marisa Christina, which were businesses that were acquired in late 2005 and 2006.

Excluding acquisitions, net sales declined $41.2 million, primarily due to a decline in 2006 shipments to several customers of the private label business of the women's related separates division.

Income from operations for the year ended December 31, 2006 was $4.5 million compared with $20.4 million in income from operations for the prior year.

The 2006 income from operations includes a $1.8 million operating loss from the acquired businesses and $6.2 million in expenses associated with the previously announced Audit Committee investigation. Operating income for 2005 includes a $6.0 million one time recovery from two former employees for improper payments made to them by a third party vendor.

At December 31, 2006, cash and short term investments totaled $70.2 million compared with $75.8 million at December 31, 2005.


Must ReadView All

Pic: IFC

Apparel/Garments | On 15th Apr 2021

IFC to support Haiti in revamping garment sector

IFC, a member of the World Bank Group, is supporting the garment...

Pic: Sorbis / Shutterstock.com

Textiles | On 15th Apr 2021

US textiles & apparel imports down 6.98% in Jan-Feb 2021

The import of textiles and apparel by the United States decreased by...

Pic: Shutterstock

E-commerce | On 15th Apr 2021

Vietnam companies get Amazon boost to turn into brands

The Vietnam Textile & Apparel Association (VITAS) and Amazon have...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


April 2021

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


Advanced Search