Crown Crafts Profit Soars

摘要

Infant and toddler products maker Crown Crafts Inc. nearly doubled its second-quarter profit by driving new sales, even as it digested its acquisition of licensed lines from Springs Global.rnThat acquisition, along with higher import costs and the expense of setting up a China office, weighed on margins, said chairman, president and ceo E. Randall Chestnut. "Despite thesernadded costs, we have increased our overall profitability by increasing our top-line sales and by holding the line on our marketing and administrative costs," he noted.