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Business Editors
NEW YORK--(BUSINESS WIRE)--Jan. 30, 2003
Company's Turnaround Continues with Diluted EPS for First Half
Reaching $0.07, Up from a Loss of $0.22 in the Year-Ago
Six-Month Period
Bernard Chaus, Inc. (OTC Bulletin Board: CHBD.OB) today reported a turnaround in the Company's financial results for the second quarter and six-month periods of fiscal year 2003.
For the quarter ended December 31, 2002, historically the Company's weakest quarter, net income advanced to $580,000, or $0.02 per diluted share, compared to a net loss of $5.3 million, or a loss of $0.20 per diluted share, in the same quarter last year. Revenues for the second quarter of fiscal 2003 were $30.9 million versus $30.0 million in the year-ago second quarter, including a one-month contribution from the Company's recent acquisition of certain assets of S.L. Danielle.
Source: HighBeam Research, Bernard Chaus Reports Strong Second Quarter Results.