Gildan's profit rises 47 pct as cotton prices decline

August 1 Thu Aug 1, 2013 7:10am EDT

August 1 (Reuters) - Canadian apparel maker Gildan Activewear Inc reported a 47 percent jump in third-quarter profit, helped by lower cotton prices and higher sales volume.

Net income rose to $115.8 million, or 94 cents per share, from $78.6 million, or 64 cents per share, a year earlier.

Sales rose 2 percent to $614.3 million.