Delta Galil reports Q3 results
Israeli manufacturer of private label ladies' intimate apparel, socks, men's underwear, baby-wear and leisurewear Delta Galil Industries has reported third quarter 2005 revenues of $172.0 million, a decrease of 3% compared with the $176.5 million in revenues reported in the third quarter of 2004. Revenues, excluding Burlen, decreased by 17% in the third quarter compared with the same period in 2004.
In the first nine months of 2005, sales increased 6% to $514.3 million, compared with $487.1 in the first nine months of 2004. Revenues, excluding Burlen, in the first nine months decreased by 12% compared to the first nine months last year.
Net loss for the third quarter of 2005 was $22.8 million compared with $5 million in the third quarter last year. The net loss in the third quarter of 2005 includes reorganisation expenses and impairment of fixed assets and goodwill in a total charge of $20.6 million.
Net loss for the first nine months of 2005 was $28.7 million compared with net income of $12.9 million for the same period last year.
