Swank annual profit soars to $14M in 2006

TAUNTON – Swank Inc. (Pinksheets: SNKI) nearly quadrupled its profit to $13.99 million in 2006, compared with 2005 net income of $3.61 million. Earnings per diluted share grew 300 percent to $2.36, from 59 cents per share the year before. Net sales rose 22 percent to $119.1 million, led by 27-percent sales growth in jewelry…

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