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Article: Salant announces third quarter and nine months operating results.
- Article from:
- PR Newswire
- Article date:
- October 5, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. 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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SALANT ANNOUNCES THIRD QUARTER AND NINE MONTHS OPERATING RESULTS
NEW YORK, Oct. 5 /PRNewswire/ -- Salant Corporation (NYSE: SLT) today announced operating results for the third quarter and nine months ended Sept. 3, 1988.
Salant's operating results included the operating results of Manhattan Industries, Inc. from May 1, 1988. In August 1988, Salant completed the acquisition of Manhattan, which was merged into Salant and is now operated as an unincorporated division.
In the third quarter of fiscal 1988, net income was $2,175,000, or 60 cents per share, which included a charge of 2,848,000, representing the amortization of the remaining ...