Apparel maker Veltex Corp estimates for 2006 guidance
25 Oct '05
2 min read
Apparel store Veltex Corporation announced its forward-looking estimates for 2006. The Company expects to continue its successful growth trend with further good advances in revenue and profitability.
Veltex had previously announced that 2005 gross revenues are projected to surpass $60 million with net income of between $9 and $10 million. There are currently 9,732,087 shares outstanding with expected 2005 net earnings of $.92 - $1.02 per share.
Javeed Matin, CEO of Veltex Corporation commented, "All of divisions continue to grow at record levels and have brought on many new distributors in the past few months. They are very proud of rapid expansion and growth progress since 2001 when total revenues were $8.7 million. They are committed to maximizing share valuations for loyal shareholders and expect to announce further synergistic acquisitions in the future."
Apparel & textile products provider Veltex Corporation has four divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise in the US market.
Veltex, a manufacturing, import and distribution company for the Promotional Products Industry in Canada; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100 percent cotton twill, denim, and sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
marketing@alchempro.com
