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Burlington earnings plunge 84% in 2d qtr.
- Article from:
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Daily News Record
- Article date:
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April 22, 1985
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Copyright informationCOPYRIGHT 1985 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENSBORO, N.C. (FNS) -- Burlington Industries, Inc., reported earnings plunged 84.7 per cent for the second quarter and 84.3 per cent for the six months ended March 30 compared with the year-age periods.
Profits dropped to $5,145,000, or 18 cents a share, from $33,469,000, or $1.16, for the second quarter, and to $9,735,000, or 34 cents, from $62,136,000, or $2.16, for the six months.
The latest results include gains from litigation of $517,000, or 2 cents, for the second quarter, and $1,712,000, or 6 cents, for the six months. The year-ago results include gains from litigation of $4,315,000, or 15 cents, for both the second ...
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