USA: Apparel Retailer Delia's Back In The Black
Apparel and multi-channel retailer Delia's Corp on Tuesday announced it was back in the black as it reported a fourth quarter net profit of $310,000, or $0.01 per share, before accounting for a non-cash settlement of a class action lawsuit. Those figures compared to a net loss of $17.8 million in the year-ago period, while its consolidated net loss for fiscal 2001 narrowed to $21.3m, or $0.52 per share before an extraordinary item, and $22.1m, or $0.54 per share after the extraordinary item, compared to a net loss of $79.7m, or $2.98 per share last year.
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