Natuzzi Posts Increased 2Q Sales, Makes Profit

September 6, 2006  by in UnCategorized   

By Home Furnishings Business in Leather Upholstery on September 2006 Natuzzi reported net revenues for the second quarter ended June 30 increased 18.1 percent to $246 million, compared to $208.5 million during the same period last year.

For the first half of the year, the company’s net sales were up 15.6 percent to $474.4 million. The company said the double-digit growth in the first six months were attributable to a soft comparison base of last year and a higher order backlog in 2005.

During the second quarter of 2006, Natuzzi reported net income of $12.5 million, versus a net loss of $10.6 million, in second quarter of 2005. For the first half of the year, the company posted net income of $20.6 million, compared to a loss of $15.3 million during the same period last year.