Apparel importer and wholesale distributor Nitches Inc has posted net income of $285,000 for the second quarter, compared with a net loss of $155,000 in the same period a year earlier.

The San Diego-based company also reported net sales of $9.7 million for the quarter, up from $6.7m in the second quarter of fiscal 2003.

Nitches attributed the sales increase to unit sales growth in its Newport Blue licensed menswear line.