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Article: Oakwood Homes Corporation Reports Results for the Fourth Quarter And Fiscal Year Ended September 30, 2001.
- Article from:
- PR Newswire
- Article date:
- November 20, 2001
CopyrightCOPYRIGHT 2001 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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GREENSBORO, N.C., Nov. 20 /PRNewswire/ --
Oakwood Homes Corporation (NYSE: OH) today reported results of operations for the fourth quarter and fiscal year ended September 30, 2001.
For the three months ended September 30, 2001, the Company reported a net loss of $49.5 million, or $5.24 per share, compared with a net loss of $82.9 million, or $8.90 per share, in the fourth quarter of fiscal 2000. The fourth quarter 2001 loss included a $17.8 million restructuring charge related principally to the closure of certain of the Company's retail sales centers and a $7.0 million charge related to the impairment of the value of certain retained interests in loan ...
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