USA: Medical Apparel Maker Alpha Pro Tech Doubles FY Profit
The Arizona-based firm, whose apparel is used in the medical, dental and industrial sectors, said revenues for the fourth quarter rose 11 per cent to $5.2m from $4.8m with full year revenues up slightly to $21.3m.
President Al Millar commented: "We are extremely pleased to announce these positive results for 2002, which culminated in our fifth consecutive year of profitability and record net income and earnings per share despite the turbulent economic environment.
"The dramatic improvement in bottom line results is directly attributable to the move the company made to contract manufacturing in China, which was first initiated in 2001."
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