Low cotton prices, higher sales boost Gildan’s profit

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May 2(Reuters) – Canadian apparel maker Gildan Activewear Inc reported a higher second-quarter profit, helped by lower cotton prices and higher sales across its printwear and branded businesses.

The company’s net profit rose to $72.3 million, or 59 cents per share, from $26.9 million, or 22 cents per share, a year earlier.

Source: Reuters

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