HTnaturals continues to see solid growth during Q1
21
Apr '08
Apr '08
Naturally Advanced Technologies Inc announced record quarterly revenue for the first quarter of 2008 from its apparel division, HTnaturals, a leading provider of environmentally sustainable hemp, bamboo, organic cotton and soy blended apparel.
First Quarter Results:
For the three months ended March 31, 2008, HTnaturals posted sales of $953,000, an increase of 55% over the same period in 2007. Business at HTnaturals continued to see solid growth during the quarter as B2B and special make up orders increased strongly from the same period last year.
The company's retail line, Elements, also saw strong gains during the quarter as additional retail customers were added to the distribution network. Gross margin increased by 49% to $351,000 for the three months ended March 31, 2008, up from $235,000 for the same period in 2007.
These record quarterly results came on the heels of record annual results for fiscal year 2007. "Q1 of 2008 was a milestone quarter for the Company. Sales of our organic, sustainable apparel continued to show robust growth in our markets, showing strong sales diversification across all distribution channels, said Ken Barker, CEO, Naturally Advanced Technologies Inc.
"Most importantly, we continue to see operating efficiencies deliver increased gross margin figures, a key metric in our business that points to sound supply chain and fiscal management. We anticipate these gains to increase throughout the rest of the year."
First Quarter Results:
For the three months ended March 31, 2008, HTnaturals posted sales of $953,000, an increase of 55% over the same period in 2007. Business at HTnaturals continued to see solid growth during the quarter as B2B and special make up orders increased strongly from the same period last year.
The company's retail line, Elements, also saw strong gains during the quarter as additional retail customers were added to the distribution network. Gross margin increased by 49% to $351,000 for the three months ended March 31, 2008, up from $235,000 for the same period in 2007.
These record quarterly results came on the heels of record annual results for fiscal year 2007. "Q1 of 2008 was a milestone quarter for the Company. Sales of our organic, sustainable apparel continued to show robust growth in our markets, showing strong sales diversification across all distribution channels, said Ken Barker, CEO, Naturally Advanced Technologies Inc.
"Most importantly, we continue to see operating efficiencies deliver increased gross margin figures, a key metric in our business that points to sound supply chain and fiscal management. We anticipate these gains to increase throughout the rest of the year."
Naturally Advanced Technologies Inc
Must ReadView All
Apparel/Garments | On 16th Dec 2018
Lululemon’s net revenue up 21% in Q3 2018
Lululemon Athletica Inc, a healthy lifestyle inspired athletic...
Apparel/Garments | On 16th Dec 2018
Rakuten, Walmart start Walmart ecommerce store in Japan
Rakuten and Walmart have joined hands to start the first Walmart...
Apparel/Garments | On 16th Dec 2018
H&M Group's wage summit discusses fair wages
The textile and fashion industries were brought together by H&M Group ...
Interviews View All
Headhonchos
Indian fashion industry
Organic the first choice of any environment-conscious person
Pinkesh Jain
Everflow Petrofils Ltd
‘An innovative technology which India needs desperately is the...
Luke Otten
Wigwam Mills Inc
Wigwam aims to recycle discarded yarn that doesn’t make it through the...
Industrie Tessili Bresciane (ITB) has served numerous industries and...
Based out of South Delhi, Gargee Designer's provides bespoke formal and...
Activewear brand Soul Space promotes organic cotton farming and...
Kai Poehler
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Kazuaki Yazawa
Purdue University
Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...
Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd
Hyderabad-based Broadcast Wearables has come up with the country's first...
Mike Hoffman
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...
Samar Firdos
Arvind Ltd
<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...
Ritu Kumar
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
