IC Isaacs & Company Inc, designer and marketer of the Marithe & Francois Girbaud denim and sportswear brand, has posted a 10.5% rise in second quarter net sales after making improvements to its product, distribution and branding.

For the three months ended 30 June 2006, net sales increased to $24.0m, compared to $21.7min the second quarter of 2005.

Gross profit also rose by 10.5% to $9.8m, from to $8.8m in the prior year's period.

Peter Rizzo, chairman and chief executive officer, believes the company has entered a new phase of growth.

"Our business has clearly strengthened," he said. "We are very happy with the current makeup of our distribution and are looking to selectively add new doors and accounts to build on our momentum."

For the 2006 fiscal year, the company expects diluted earnings per share to be $0.76 to $0.79, which is approximately 25-30% over last year's operating results of $0.61 per diluted share.