Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange, DELTY.PK/OTCQX), the global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear, jeans and activewear, today reported its financial results for the third quarter ended September 30, 2016. Sales The Company reported sales of $296.6 million for the third quarter of 2016, compared to $284.6 million for the same quarter last year, a 4% increase. Sales for the first nine months of 2016 were $802.8 million, compared to $792.9 million in the same period of 2015, a 1% increase. Operating profit Operating profit increased 16% to $24.6 million in the third quarter of 2016, compared to $21.2 million in the third quarter last year. For the first nine months of 2016, operating income was $53.0 million, compared to $51.0 for the same period last year, representing a 4% increase. Operating profit before one-time items in the third quarter of 2016 amounted to $22.5 million, compared to $22.1 million last year, representing an increase of 2%. Operating profit before one-time items in the first nine months of 2016 amounted to $50.9 million, compared to $51.9 million last year, representing a decrease of 2%. Net income Net income was $17.7 million in the third quarter of 2016, compared to $13.4 million in the same quarter last year, increasing 31%. Diluted earnings per share were $0.69 for the 2016 third quarter, compared to $0.52 for the same quarter last year. For the first nine months of 2016, net income was $33.3 million, or $1.30 per diluted share, compared to $31.7 million or $1.23 per diluted share for the same period of 2015. Management Comment Isaac Dabah, CEO of Delta Galil, stated: "Our third quarter results demonstrate the strength of our business model, which is built on a diverse portfolio of branded and private label products, an expanding global presence, and a range of market segments that, together, provide both growth momentum and balance. We saw a strong contribution from our recent addition of DG Premium Brands, which includes 7 For All Mankind®, Splendid® and Ella Moss®, and despite the expected soft U.S. market, we experienced strong growth in Europe and Israel." "During the quarter, we focused on consolidating Premium Brands into our business, while taking important measures and implementing the necessary efficiencies to both streamline and strengthen the brands to best position them for growth. Also during the quarter, we appointed retail and fashion leader Paula Schneider, who is renowned for building profitable businesses and improving efficiencies for contemporary brands, to oversee this business and execute our ambitious goals for these brands."