NETHERLANDS ANTILLES: Singer Sews Up 290% Jump In Q3 Profit
Sewing machine manufacturer Singer NV on Tuesday reported a 290 per cent surge in third quarter net income to $3.9 million from $1m last year on flat sales of $98.7m. The company attributed the strong growth to a solid performance by its sewing marketing and manufacturing operations, particularly US marketing and the Brazil factory, and to growth in its retail operations in Sri Lanka.
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