Veltex Corporation net revenues rise 30% in Q1 2005
16 May '05
3 min read
- 2005 projected revenue $55mm
- 2005 projected profit $11mm
- 2005 projected net earnings $1.38 per share a 35% increase from 2004
javeed matin, ceo of veltex corporation, stated, "we are proud of our strong growth progress and clearly feel that 2005 will be another year of record profitability. veltex is providing high quality apparel and accessories in a timely manner to an ever-growing list of clients and customers.
"we expect that our recent entry into the canadian marketplace will be very positive to our overall revenue growth. furthermore, we are looking forward to making a major acquisition shortly that will give us an even stronger foothold in our target markets."
veltex corporation is a vertical manufacturing, import and distribution company composed of three divisions: veltex apparel, specializing in caps, apparel and apparel accessories for the promotional products industry and distribution of merchandise; velvet textile mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and kca garment industries, specializing in the manufacture of garments.
marketing@alchempro.com
