TTI Posts New Records in Profit, Sales for First Half
August 21, 2013,
HONG KONG-TTI Group, parent of the Hoover and Dirt Devil floor-care brands, reported net income of $118 million in its fiscal first half, a new record and 22 percent higher than in the first half of last year.
The Group also achieved a new record in net sales, $2 billion, 10.1 percent ahead of last year's first half. Earnings per share increased 13 percent to $6.43, and gross margin gained for the sixth consecutive period, although a company statement did not quantify this.