Designer and marketer of branded jeanswear and sportswear, IC Isaacs & Company Inc, swung into profit during the second quarter with income from continuing operations of $243,000 versus a $2.1 million loss in the year-go period.

The Baltimore-based company said net sales for the quarter fell to $17m from $18.4m mainly due to the discontinuance of the BOSS, Beverly Hills Polo Club, UBX and Isaacs product lines.

It added that for the first half, it made net income from continuing operations of $1.9m compared with a net loss from continuing operations of $1.5m for the prior year period.

Chairman and CEO, Robert Arnot, said: "We were pleased to generate a profit in the second quarter, which is typically a slow quarter due to the seasonal nature of our business. Our improved cost structure and focus on higher margin Girbaud products enabled us to report significantly improved results, despite lower total sales.

"We remain optimistic about the future growth prospects of the Girbaud brand and we expect to generate a profit for the third quarter and full-year 2002."