Canada’s Danier Leather Inc., the Toronto-based specialty leather apparel designer, manufacturer, and retailer has announced a significant drop in its profits for the second quarter, ended December 25, 2004. Profits fell by $1.8 million compared with the same period in 2003, dropping from $9 million to $7.2 million. A significant decrease in sales was also recorded, falling from $79.3 million in the second quarter last year to $71.3 million in the current financial year.

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