The net loss in the first half of 2006 narrowed to $0.5 million, or $0.03 diluted loss per share, compared to the net loss of $5.9 million, or $0.32 diluted loss per share, reported in the first half of 2005.
Operating profit in the second quarter of 2006 was $5.9 million, which compares to an operating loss of $2.0 million in the second quarter of last year.
Operating profit in the first half of 2006 was $9.0 million, compared to an operating loss of $3.7 million in the first half of 2005.
"We continue to see an improvement in our business and were able to return to positive bottom line results in the second quarter due to continued execution of our reorganization plan and increased sales," added Lautman. "The increase in sales in the quarter was achieved despite the erosion in selling prices in Europe"
Lautman concluded, "Delta's activities in Israel continue as usual, despite the war situation in the Northern part of the country where a portion of Delta's activities are carried out. We wish to thank all of our employees for their devotion to Delta during this period."
Delta Galil is a leading global manufacturer of quality apparel sold under brands such as Calvin Klein, Hugo Boss, Nike, Ralph Lauren.
Delta Galil Industries Ltd
marketing@alchempro.com
