FirsTime Design Limited Announces Fourth Quarter Results
January 26 2015 - 4:34PM
Business Wire
FIRSTIME DESIGN LIMITED (FTDL) today announced net sales for the
twelve months ended December 31, 2014 of $7,635,000 a decrease of
6.9% compared to the same period last year. The Company reported
consolidated net income of $568,000 or $0.37 per common share, a
decrease of 24.2% compared to the same twelve-month period last
year. Fourth quarter net income was $57,000 or $0.04 per common
share, a decrease of 73.6%, as compared to a net income of $216,000
or $0.14 per common share for the same quarter last year. FTDL
ended the quarter with $2,168,000 of cash and cash equivalents on
the balance sheet.
About FirsTime Design Limited
FirsTime Design Limited, through its subsidiary, FirsTime
Manufactory, Inc., is an industry leading designer, marketer and
distributor of timepieces, thermometers and other home décor
products sold at major-national retailers. More information can be
found at: www.firstimeonline.com or
http://www.otcmarkets.com/stock/FTDL/quote.
FirsTime Design LimitedJulie Kren, 262-364-5200 x101
FirsTime Design (CE) (USOTC:FTDL)
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