US footwear designer and manufacturer Crocs, Inc. has reported significant increase in revenues for the first quarter ended March 31.

Revenues reached $44.8 million compared with $11 million for the first quarter ended March 31, 2005. Net income for the first quarter of fiscal 2006 was $6.4 million compared with $2 million for the first quarter of fiscal 2005. First quarter net income includes a non-cash share-based compensation expense, net of tax effect, of $1.1 million compared with $779,000 for the comparable period of 2005.

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