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TEXTURED JERSEY: record results announced

RECENTLY added capacity and optimized utilization as well as product mix allowed Textured Jersey Lanka to raise its fourth quarter earnings by a record 46 per cent, to the equivalent of USD 3.84m on sales of USD 28.51m. This helped to boost full year profit to USD 9.75m despite sluggish sales early in the year. Chairman Bill Lam said that recently expanded capacity and strategic investments starting to bear fruit placed the company on a solid growth platform for the 2016 fiscal year.

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As the local bodywear industry continues to improve its export performance as well as its domestic sales, the knitting concern can face the future with some degree of confidence.

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