Gildan posts profit on robust printwear sales

Wed Feb 6, 2013 4:51pm EST
 
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Feb 6 (Reuters) - Canadian clothing maker Gildan Activewear Inc posted a profit for its first quarter, driven by gains in its printwear business.

The company reported a net income of $35.3 million, or 29 cents per share, for the quarter ended Dec. 30, compared with a loss of $46.1 million, or 38 cents per share, a year earlier.

Montreal-based Gildan's net sales rose 39 percent to $420.8 million.