Article: Danier Leather Reports Fiscal 2009 Fourth Quarter and Year End Results.

Article from:
Marketwire Canada
Article date:
August 13, 2009
Copyright

TORONTO, ONTARIO, Aug 13, 2009 (Marketwire via COMTEX) -- Danier Leather Inc. (TSX:DL) today announced its consolidated financial results for the fourth quarter and fiscal year ended June 27, 2009.

Q4 HIGHLIGHTS

- Comparable store sales increased 2% and comparable store gross profit increased 4%

- Gross profit margin increased by 1.9% or (190 basis points) to 47.0%

- Q4 net loss decreased by approximately $254,000

- Cash increased by $4.7 million

- 267,160 shares repurchased under normal course issuer bid

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