Algo Group posts higher sales
15/11/2006
Canadian manufacturer and importer of fashion apparel and sportswear, Algo Group Inc., has reported that third quarter sales rose to $8.3 million compared with $7.5 million for the same period in 2005. Year-to-date sales to the end of September 2006 were $22.6 million, compared with $21.7 million for the same period in 2005.
Although ladies’ fashion apparel sales decreased by $0.6 million to $1.8 million for the quarter, sportswear sales increased by $1 million to reach $5.7 million. Sales for the company’s licensed brands segment increased to $0.6 million.
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