Delta Galil announces Q3 results
US manufacturer and marketer of branded and private label apparel products, Delta Galil Industries, has reported its financial results for the third quarter of 2011. The company reported sales of $184.8 million, up from $169.7 million in 2010, an increase of approximately 9%. This solid performance was driven by sales growth in all of the company’s geographic areas of operation: North America, Europe, UK and Israel.
For the first nine months of 2011, Delta Galil reported sales of $502.4 million, compared to $466.9 million in the same period last year, an increase of approximately 8%.
Net profit in the third quarter of 2011 totalled $7.7 million, compared to $6.5 million in the same quarter last year, an increase of approximately 19%. In the first nine months of 2011, the company’s net profit amounted to $19.2 million, compared to $14.9 million in the same period last year, an increase of 28%.
Delta Galil CEO Isaac Dabah said: “We are pleased to deliver another excellent quarter for Delta Galil. This is the tenth consecutive quarter in which we have reported rising net profit, thanks to our continuing focus on innovation and enhanced customer service, leading to steady growth. We remain committed to an expansion strategy designed to make us a leader in intimate apparel and socks, as well as to drive continued strong growth in the future.”
