Atlanta based Clothing Company Oxford Industries Inc. has announced its second quarter financial results and the company has informed that it has managed to post a profit in the reviewed quarter. The company has also said that it has received ample amount of profit from its exiting businesses that were no longer profitable before.

It has made them work properly in the second quarter of the year and booked significant amount of profit. The company had also got benefited from its restructuring plans during this three months period.

Oxford Industries Inc. has posted a net income of $7.2 million, or 44 cents per share during the quarter under review. For the similar quarter in the previous year, the company had suffered a net loss of $180,000, or a penny per share. There has been an impressive second quarter result for the company in this year.

The company has also informed that its sales has fallen down by 3% and was recorded $186.5 million in the Q2 of the year which was reported $192.9 million in its corresponding quarter for the preceding year.