By  on March 17, 2009

Following a crucial $80 million cash infusion from London-based Lion Capital on Friday, American Apparel Inc. reported solid fourth-quarter results on Tuesday morning.


Net income for the three months ended Dec. 31 was up 29.7 percent to $3.9 million, or 5 cents a diluted share, from $3 million, or 6 cents, in the year-ago period. Earnings per share diverged from net income because the company had 71.6 million diluted shares outstanding in the 2008 quarter versus 52.5 million in the 2007 quarter.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus