A swift swing toward branded products, helped by the July acquisition of Germany’s Schiesser, lifted Delta Galil Industries Ltd. to hefty bottom- and top-line increases for both the fourth quarter of last year and all of 2012.
In the three months ended Dec. 31, the Tel Aviv-based marketer of innerwear and performance apparel registered a 65.7 percent increase in net income to $13.9 million, or 55 cents a diluted share, from $8.4 million, or 36 cents, in the prior-year period. Operating income spiked 72.5 percent to $19.7 million.
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