CFS Intl 9-month sales up 18.5% to $86.9mn

30 Nov '05

1 min read

Largest upscale fashion wear retailer CFS International Inc (CFS Intl) announces that the consolidated net earnings of the Company for the nine months ended September 30, 2005 were $1,872,202, or $0.05 per share, as compared to $2,039,260, or $0.06 per share, for the same period in 2004. Sales for the nine months increased by 18.5 percent to $86.9 million in 2005, compared with $73.3 million in 2004.

For the third quarter in 2005, the Company reports net loss of $423,587 or $0.01 per share, compared with net earnings of $490,208 or $0.01 per share, for the same quarter in 2004. Sales for the third quarter of 2005 increased by 12.5 percent to $27.9 million, compared with $24.8 million for the same quarter in 2004.

Canada based CFS International Inc, through its subsidiaries, operates the largest upscale fashion wear retail chain in China under the "Ports International" and "BMW" banners.

The Company's other operations also include retailing in Hong Kong and Canada, and trading, manufacturing and wholesaling of private label and fashion garments in Canada, China and Hong Kong.

CFS International Inc

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