Apparel group Candie's Inc reported improved third-quarter and nine-month results, reflecting an improved brand management model.

The company posted a third-quarter consolidated net income of $603,000 or $0.02 per diluted share, compared to a loss of  $1.9 million or $0.07 loss per share for the same quarter in 2003.

Third-quarter licensing income rose 50.7 per cent to $2.7m from $1.8m in the year-before period.

For the nine months ended 31 October 2004 the company reported consolidated net income of $1.2m compared to a loss of $4.9m in the year-before period.

Licensing income grew almost 40 per cent to $6.7m from $4.8m in the prior year.

Chairman and chief executive officer, Neil Cole said: "Our third quarter numbers begin to reflect the potential profitability of the licensing business under our new brand management model."

He added that the company was "very excited" about the recently-announced direct retail license with department store company Kohl's, and that it had completed the transition of Bongo-branded jeanswear to the new licensee.

Candie's is currently completing its transformation from a footwear and jeanswear operating company to a multi-brand licensing and management business.