Gildan has registered a net loss of US $ 41.2 million or US $ 0.34 per diluted share for the fourth fiscal quarter of 2014 compared with net earnings of US $ 41.7 million or US$0.34 per share in the prior year quarter. Additionally, net sales for the printwear segment amounted to US $ 160.3 million, down from US $ 261.8 million in the corresponding quarter of the prior year.
Gildan Activewear Inc. is a manufacturer and marketer of branded clothing, including undecorated blank activewear such as t-shirts, sport shirts and fleeces, which are subsequently decorated by screen printing companies with designs and logos.
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