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Gildan Activewear reports US$99.4M Q2 profit, down from $166M a year ago

2015-07-31 15:50:22| Apparel - Topix.net

Gildan Activewear Inc. reported lower than expected results as its second-quarter profit dropped due to price cuts it made to its clothing sold to screenprinters. The company says the price cuts to for its printwear were partly offset by higher sales and margins in its branded clothing and lower taxes.

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