Kintex Garments reports lower earnings in Q3, hopes to make up in Q4

Kitex Garments’ earnings in the third quarter were impacted because of delayed winter in the US, with which it has the largest business. The Kerala-based manufacturing unit, which is the world’s third largest supplier of infant wear, to companies such as Gerber, The Children’s Place and Walmart, had to hold back its supplies by 2-3 weeks because its US clients wanted to hold on to inventories. They were able to ship supplies only in end December, which the company believes will make up for the losses in the fourth quarter.