NEW YORK — G-III Apparel Group Ltd. on Thursday posted second-quarter profits that nearly quintupled.

For the three months ended July 31, net income rose 372 percent to $2.7 million, or 37 cents a diluted share, versus $576,000, or 8 cents, in the year-ago quarter. Sales rose 13.2 percent to $45.3 million from $40 million.

Morris Goldfarb, chief executive officer, said in a statement, “Our profit growth was driven by continued strength in our sports apparel business, which saw both significant new accounts as well as increased penetration. The sportswear component of our sports apparel business attained higher gross margins compared to our other businesses.”

He added that based on feedback from customers on “product assortment and a good order book, we are well positioned for the fall season.”

The company issued fiscal 2004 guidance for earnings per share in the range of $1.10 to $1.15 and sales of $220 million.

For the six months, income was $91 million, or 1 cent, against a loss of $3.6 million, or 54 cents, last year. Sales rose 21.4 percent to $64 million from $52.7 million.

The firm manufactures leather and nonleather outerwear, as well as apparel under its own, licensed and private labels. Company-owned labels include Black Rivet, Colebrook, Siena Studio and G-III. It hold licenses with Kenneth Cole, Nine West, Timberland, Cole Haan, Jones Apparel Group, Sean John, Bill Blass and James Dean. It also has sports licensing agreements with various major league sports associations as well as more than 50 universities.

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