TITLE

Global Reports Offer Up Apples and Oranges

AUTHOR(S)
Chamberlain, Janice
PUB. DATE
January 2006
SOURCE
Home Textiles Today;1/2/2006, Vol. 27 Issue 15, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the reports from overseas producers that help understand better the financial performances of textile vendors in New York. Li & Fung of Hong Kong, Coteminas of Brazil, and Reliance, Abhishek and Wellspun of India were considered in the report and only Li & Fung has a balance sheet that roughly resembles that of U.S. publicly held companies. The difference is the current liability generally refer to a company's obligations. Income statements were also a little confusing. Three of the companies refer to turnover instead of sales or revenues.
ACCESSION #
19329198

 

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