Article: Chaus posts heavy losses in 3rd quarter, 9 months. (Bernard Chaus Inc., women's apparel manufacturer)

CHAUS POSTS HEAVY LOSSES IN 3RD QUARTER, 9 MONTHS

NEW YORK (FNS) -- Bernard Chaus, Inc., reported heavy losses in the third quarter ended March 31 and nine months, and said it expects to report a loss in the fiscal year ending June 30. The loss of $5,229,000 in the quarter was compared with a profit of $182,000, or 1 cent a share, in the year-ago period.

Sales fell 23.2 percent to $54,839,000 from $71,440,000, while gross margins eroded to 14.8 percent from 20.4 percent.

The loss in the nine months came to $9,361,000 and compares to a year-ago profit of $295,000, or 2 cents a share.

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