Gildan profit falls on lower selling prices for printwear

Thu Aug 2, 2012 7:25am EDT

Aug 2 (Reuters) - Clothing maker Gildan Activewear Inc reported a 11 percent decline in third-quarter profit, as lower selling prices for printwear hurt the company's margins.

Net income for the quarter ended July 1 fell to $78.6 million, or 64 cents per share, from $88.1 million, or 72 cents per share, a year earlier.

Net sales rose 13 percent to $600.2 million.

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