US: Next Inc posts 4.4% Q3 profit lift
Imprinted sportswear products specialist Next Inc has reported third quarter profits of US$212,406, up 4.4% on last year's figures.
The US company's net sales were up 25% to $7.3m, helping it to record net sales of just under $12m for the first nine months of the fiscal year, a 2.9% increase.
The loss for the nine-month period was $683,000, down 9.9% on last year.
Next Inc CEO Robert Budd said he was pleased with the results, but warned that "economic factors impacting the retail apparel segment" continued to affect the company's performance.
"Our focus on working towards improving our sales volumes is now beginning to yield tangible results, putting us on par with last year on a year-to-date basis," he added.
"We continue to be pleased with the trend of improvements in quarter over quarter earnings, arising from our diligent focus on maximising operational efficiencies."
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