Gildan Activewear posts higher profit as printwear sales rise


Nov 21 (Reuters) - Canadian apparel maker Gildan ActivewearInc reported a 9 percent rise in fourth-quarterprofit, helped by lower cotton prices and higher sales in itsprintwear business.

Net income rose to $96.8 million, or 79 cents per share, forthe quarter ended Sept. 30, from $89 million, or 73 cents pershare, a year earlier.

Gildan, whose brands include Gildan underwear and Gold Toesocks, said net sales rose more than 11 percent to $626.2million. Printwear sales rose 12.5 percent to $423.9 million.

Gildan competes with Hanesbrands Inc and L BrandsInc.

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