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Article: Special items in quarter push Rocky Mount into the black. (Rocky Mount Undergarment Company Inc.)
- Article from:
- WWD
- Article date:
- August 24, 1989
CopyrightCOPYRIGHT 1989 Conde Nast 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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SPECIAL ITEMS IN QUARTER PUSH ROCKY MOUNT INTO THE BLACK
ROCKY MOUNT, N.C. (FNS) -- Rocky Mount Undergarment Co., Inc., went into the red in the second quarter and six months before special tax credits and a gain on the sale of its men's underwear division. However, after the extraordinary items, the company showed a substantial increase in net profits.
For the quarter ended July 2, Rocky Mount reported a $107,000 operating loss, compared with year-ago operating profit of $277,000. After a $1,835,000 gain on the sale of the men's division and a $656,000 credit from a tax loss carryforward, total net income climbed to $1,728,000, or 51 cents a share. In the ...
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Article: Rocky Mount has 'impasse' in negotiating with ...
Daily News Record;
December 21, 1988 ;
619 words
...Rocky Mount Has `Impasse' In Negotiating With Ithaca ROCKY MOUNT, N.C. (FNS) -- Rocky Mount Undergarment Co., Inc., said Tuesday that an "impasse" has occurred in its negotiations with Ithaca Industries, Inc., regarding the letter ...
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