Higher revenues at McRae Industries
20/11/2006
Net earnings amounted to $3.39 million compared with $1.57 million. Net earnings for fiscal 2006 totalled $3.39 million versus $3.44 million last year.
Consolidated gross profit from continuing operations climbed to $19.2 million for fiscal 2006 compared with $14.7 million. This was attributed to increased net revenues and a greater proportion of higher margin Western boot products in the overall sales mix.