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Article: GuildMaster dba Decorize, Inc. Posts Fiscal Year Profit.
- Article from:
- PR Newswire
- Article date:
- November 4, 2009
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Gross Margins Improve 650 basis points
SPRINGFIELD, Mo., Nov. 4 /PRNewswire-FirstCall/ -- Decorize, Inc. a recognized leader in the home furnishings and accessories industry announced its fiscal year 2009 results.
The Company posted a full year profit for the first time in the history of the Company. The Company posted record operating income of $307,000 versus $15,000 a year ago and net income of $9,000 for its fiscal year ended June 30, 2009 versus a net loss of $585,000 last fiscal year. Gross margins were up 650 basis points from 34.4% a year ago to 40.9% for fiscal year 2009.
"The Decorize team achieved these phenomenal results in an ...