Decorize reports first quarterly operating profit

The seven-year-old home furnishings manufacturer reported second-quarter net income of $52,000 – compared to an operating loss of $731,600 for the same period last year. Revenues for the quarter were $4.5 million, up 180 percent compared to a year before.

For the first six months of fiscal 2007, revenues were $7.68 million, an increase of 105 percent from the first half of fiscal 2006. The company had an operating profit of $112,000, compared to an operating loss of $1.04 million a year ago.

“The investments we have made over the last two years in our supply chain management are beginning to produce positive financial results, and we are excited about the prospects for Decorize as we look forward,” CEO and President Steve Crowder said in a news release.

Recent changes at Decorize have included the implementation of focus groups at the design level to make sure more of the company’s new products sell well. The company also has established strategic partnerships with a number of national retailers, such as Stein Mart, Wal-Mart and Broyhill Furniture Industries.

Shares (AMEX: DCZ) closed Tuesday at 69 cents, compared to a 52-week range of 17 cents to 77 cents. Shares were trading down at 65 cents as of 11:30 this morning.[[In-content Ad]]