Decorize Q4 Profit, Margins Rise
By Staff -- Gifts & Decorative Accessories, 8/28/2008 12:50:00 PM
Springfield, MO — Home accents vendor Decorize Inc. posted what the company called its largest quarterly profit in history in the fourth quarter of 2008. Net profit increased more than $400,000, compared to a net loss of $215,000 for the same period last fiscal year. Gross margins grew from 29 percent a year ago to 38 percent in the fourth quarter this year.“Our positive financial results in the fourth quarter are mainly attributed to the significant improvements we have implemented in our supply chain,” said CFO Dan Graham. “Through our wholly owned subsidiaries in China and Indonesia we have been able to reduce production and logistics costs substantially. Our new China lighting production facility will be on line this fall which will allow additional savings to our customers.”
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