Sock maker Kindy has reported a lower net profit for its full financial year, affected by acquisition costs and restructuring expenses.

Net profit was EUR400,000 (US$502,340) for the year ended 30 June compared to a profit of EUR2.9m in 2005.

Revenue increased to EUR52.1m during the year from EUR50.1m the year before.

Kindy has recently taken over US baby goods firm Baby Love as well as France-based sock manufacturer Georges Biotteau et Cie.
The company believes its reorganisation efforts should lead to higher turnover and profits next year.