Higher income at Delta Galil - sportstextiles: Lea SportsTextiles

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Higher income at Delta Galil

19/03/2007
 
Israeli manufacturer of private label ladies' intimate apparel, socks, men's underwear, babywear and leisurewear Delta Galil Industries Ltd. has reported improved results for its fourth quarter and full year ended December 31.

Revenues for the fourth quarter were $174.1 million compared with $170.2 million reported in the fourth quarter of 2005, an increase of 2.3%. Revenues for the full year rose 3.2% to $706.7 million compared with $684.5 for 2005. 

Net income in the fourth quarter was $0.4 million compared with a loss of $7.6 million in the 2005 quarter. Net income for 2006 was $3.1 million compared with a net loss of $36.3 million in 2005. Net income in 2006, excluding restructuring expenses and impairment of assets and goodwill, was $4.8 million compared with a net loss of $15.6 million last year.



 


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