Profits double at Hi-Tec
05/02/2010
Sales in local currencies increased by more than 10%, resulting in $250 million at wholesale value. The sales growth came predominantly from the outdoor category, which continues to see year-on-year growth.
On announcing the results, company chairman, Frank van Wezel, commented: “We were well positioned when the economic crisis hit, with great products at key consumer price points. We are forecasting a further 9% growth in revenues and 35% growth in earnings in 2010. Continued investment in product collections, new technologies, marketing and sourcing will help to achieve these figures.”
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