Sales up 17% at Danier Leather

22/10/2010

Canada-based Danier Leather has posted improved financial results for the 13-week period ended September.

Sales during the quarter increased by 17% to $23.4 million compared with $20 million during the same quarter last year. Comparable store sales increased by 18%.

Gross profit as a percentage of revenue rose to 52.4% compared with 48.4% year-on-year with gross profit dollars up $2.6 million.

Net loss fell 17% to $2.8 million compared with $3.4 million during the same quarter last year.