By The Canadian Push | The Canadian Push –
GREATER TORONTO AREA – Sports machines and apparel producer Bauer Performance Sports Limited. (TSX: BAU) reported Wednesday that its second-quarter profit simplified despite a nine per cent increase in earnings.
The Toronto-based company, which focuses on ice handbags, roller handbags and lacrosse machines, said this earned net income associated with US$6. one million or 16 cents for each diluted share in the quarter.
Which was down through US$8. two million or 26 cents per share in the exact same year-earlier period.
Income in the three months ended Nov. 30 increased to US$109. six million through US$100. 3 million, reflecting both acquisitions and continued growth in ice hockey machines and related attire categories, partly offset by reduced sales to NHL teams because of the particular NHL lock.
Powerful overall sales in the first half of fiscal 2013 reflected a solid performance in a number of ice handbags equipment categories driven by recent cool product releases, Bauer stated.
Lacrosse revenues also increased significantly amid addition of sales from the recently obtained Cascade Helmets Holding Inc.
At the same time, apparel revenues grew by twenty-seven percent, driven by the company’s new line of performance attire and bags.
“Bauer is constantly on the deliver powerful results in handbags, lacrosse and our related attire businesses, inches said president and CHIEF EXECUTIVE OFFICER Kevin Davis.
“Our newly launched hockey machines products and the further investment into both apparel and lacrosse are crucial ingredients to our current and future success. inches
Stock in Bauer Overall performance Sports, which reported after markets closed, has been up 23 cents or second . 13 percent in $11. 05 Wednesday on the Toronto Stock Exchange.