Delta Galil Industries, a provider of private label intimate apparel, men's underwear, socks, baby wear and leisure wear, reported fourth quarter sales for 2002 of $159.4 million, an increase of 15 percent over the comparable quarter of 2001.
North America accounted for 52 percent of total fourth quarter sales, Europe for 42 percent and Israel for six percent. Net profit for the fourth quarter amounted to $4.9 million, an increase of 266 percent and 271 percent, respectively, over the fourth quarter of 2001.
Delta's products are sold worldwide through retailers including Marks & Spencer, Victoria's Secret, GAP, Banana Republic, Carrefour, J. Crew, Target, Wal-Mart and others. Headquartered in Israel, Delta operates manufacturing facilities in Israel, Scotland, Jordan, Egypt, Turkey, Eastern Europe, North and Central America, Caribbean and Far East. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
