FirsTime Design Limited Announces First Quarter Results
April 09 2014 - 4:55PM
Business Wire
FIRSTIME DESIGN LIMITED (FTDL) today announced net sales for the
three months ended March 31, 2014, of $2,052,000 an increase of
12.5% compared to the same period last year. The Company reported
consolidated net income of $139,000 or $0.09 per common share, an
increase of 5.1% compared to the same three-month period last
year.
Christopher D. Bering, FirsTime’s President and CEO said, “the
growth in sales reflects strong execution across all aspects of the
organization and it demonstrates that we are successfully
navigating a still challenging environment in home
accessory-retail.”
“FirsTime® is a growing brand with roots as a leader in premium
functional décor,” said Mr. Bering. “The goal is to offer
affordable functional décor, that connects with consumers. Our
consistent growth, in part, is a reflection of our initiatives to
better understand not only our retail partners, but also the
end-consumer. Understanding the markets and designing products that
resonate will help ensure we stay on a long-term, sustainable
path.”
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
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