Leading manufacturer of industrial protective clothing for industry, municipalities, and healthcare Lakeland Industries Inc has announced that net income increased $1.31 million, or 26.2 percent, to $6.33 million for fiscal 2006 ended January 31st 2006, or $1.26 per share, compared to net income of $5.02 million for the previous fiscal year 2005 and $1.12 per share.
Lakeland profits increased 75.4 percent from 2001 to 2002, 32.2 percent from 2002 to 2003, 39.7 percent from 2003 to 2004 and 37.9 percent from 2004 to 2005.
Net sales increased $3.4 million, or 3.6 percent, to $98.7 million for the January 31, 2006 year ended from $95.3 million for the year ending January 31, 2005. Gross Profit increased $3.5 million, or 17.3 percent, to $23.9 million for the year ended January 31, 2006 from $20.4 million for the year ended January 31st 2005.
Gross profit as a percent of net sales increased to 24.2 percent for the year ended January 31st 2006 from 21.4 percent for the year ended January 31st 2005.
Sales for the full year FY 06 break down by product as follows compared to FY 05: Disposables sales for the US are up 2.4 percent, Gloves are up 4.7 percent, Chemical suits are down 27 percent, wovens are up 10.3 percent, and internationally, Canada is up 21.5 percent and Europe is up 35.9 percent.
Sales for Q4 of FY 06 break down by product as follows compared to Q4 of FY 05: Disposables sales for the US are flat, gloves are up 15.4 percent, Chemical sales are UP 32.7 percent, wovens are up 2.9 percent and internationally, Canada is up 18.4 percent and Europe is up 113.2 percent.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
