Gildan's profit rises 47 pct as cotton prices decline
August 1 (Reuters) - Canadian apparel maker Gildan Activewear Inc reported a 47 percent jump in third-quarter profit, helped by lower cotton prices and higher sales volume.
Net income rose to $115.8 million, or 94 cents per share, from $78.6 million, or 64 cents per share, a year earlier.
Sales rose 2 percent to $614.3 million.
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