Positive quarter for Gildan as capacity ramps up

Montreal - Gildan Activewear has posted an increase in both sales and net earnings for its fourth quarter, boosted by a strong performance in its hosiery and activewear sectors.
Confirming the ramp up of its ongoing capacity increases, including the construction of its large-scale, low-cost manufacturing complex in Bangladesh, Gildan reported a 9% increase in net sales to $782.7. Net earnings were up 82% to $153.3.