Talon International, Inc. (OTC BB:TALN.OB - News), a leading global supplier of apparel accessories including Talon zippers, fasteners, trim and interlining products, reported financial results for the second quarter ended June 30, 2008.
Second Quarter 2008 Highlights
-- Talon zipper sales up 37% vs. Q2 2007
-- Net sales for the quarter $17.0 million, up 26% vs. Q2 2007
-- Net income of $0.6 million, up 22% vs. Q2 2007
Second Quarter 2008 Financial Results
Net sales for the second quarter of 2008 were $17.0 million, an increase of 26% from $13.6 million in the second quarter of 2007. The revenue reflects continued growth within Southeast Asia and within new brands and program sales of Talon Zipper and Trim products. Talon Zipper sales increased $3.1 million, or 37%, to $11.4 million in the quarter, as compared to the same period a year ago. Talon Trim sales increased $0.6 million, or 12%, to $5.5 million as compared to the same period a year ago. Tekfit waistband sales were as anticipated, $0.2 million less than in the same period in 2007.
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