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Gildan earns record US$35.3 million in Q1, reversing loss last year

Canadian Press, The Canadian Press
0 Comments| February 6, 2013

MONTREAL - Gildan Activewear Inc. (TSX:GIL) slightly beat expectations as it earned a record US$35.3 million profit in the first quarter, reversing last year's large loss.

The Montreal-based clothing manufacturer said it earned 29 cents per diluted share for the period ended Nov. 29. That compared to a net loss of US$46.1 million or 38 cents per share in the prior year.

© The Canadian Press, 2013

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