Home / Knowledge / News / Textiles / H1 revenue remains unchanged at Coats
H1 revenue remains unchanged at Coats
28
Jul '16
Revenue at industrial threads manufacturer Coats remained unchanged at $718 million for the six months ended June 30, 2016 which it ascribed to tougher market conditions.

Operating profit for the reporting period, however soared 24 per cent year on year to $77 million on an adjusted basis, but was higher at 44 per cent on a reported basis.

The company said its adjusted EPS too surged 24 per cent in the first half of 2016 to 2.08 cents due to higher operating profit and reduction in tax rate offset mainly by unrealised losses on foreign exchange hedges.

Coats also added that its Americas Crafts business margin increased, despite tough market conditions, due to focus on costs.

Adjusted free cash flow for the last twelve months totaled to $82 million, as against $75 million in the 12 months to June 2015, primarily due to higher profitability.

CEO Paul Forman said, “We delivered productivity gains, tightly managed our overheads and greater sales volumes led to a positive operational gearing effect.” (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 6th Dec 2019

RMG units open in Cambodia despite risk of EBA deal loss

Garment units continue to open in Cambodia despite the looming threat ...

Pic: Shutterstock

E-commerce | On 6th Dec 2019

Europe continues to dominate global e-com ranking: UNCTAD

Europe remains by far the most prepared region for e-commerce, with...

Pic: Shutterstock

Apparel/Garments | On 6th Dec 2019

58 RMG units set up in Bangladesh in Jan-Oct 2019

Fifty eight new garment factories have been set up in Bangladesh...

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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


December 2019

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


Advanced Search