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Article: Ever-Glory Reports Third Quarter 2009 Financial Results.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- 3Q09 Gross Margin Increased 420 Basis Points YoY to 18.6% --
-- 3Q09 Net Income Increased 200.3% to $1.9 million or $0.14 per diluted share
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NANJING, China, Nov. 9 /PRNewswire-Asia-FirstCall/ -- Ever-Glory International Group, Inc. (the "Company," "Ever-Glory") (NYSE Amex: EVK), a leading apparel supply chain manager and retailer in China, today reported its financial results for the third quarter ended September 30, 2009.
During the third quarter 2009, net sales decreased 21.8% to $24.9 million from $31.9 million in the third quarter of 2008. This decrease was primarily attributable to decreased sales orders in the Company's ...