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January 17, 2002

USA: Tropical Sportswear Posts First Quarter Rise

Clothing maker Tropical Sportswear International Corp posted a rise in first-quarter net income rose as a result of a 12 per cent surge in sales. It said net income was $3.0 million, or 38 cents per diluted share, compared with $2.7 million, or 35 cents per diluted share in the same period of the previous year. Net sales for the first quarter ended December 29, 2001 increased 12 per cent to $110.0 million compared with $98.6 million in the same period last year.

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