USA: Boot Maker McRae's Revenues Up 45 Per Cent
Increased demand for US military combat boots, branded western and fashion footwear helped push McRae Industries Inc's third quarter revenues up 45 per cent to $18.47 million. This compares to consolidated net revenues of $12,78m reported for the third quarter of fiscal 2001. Net earnings for the period were $678,000, or $.24 per share, compared to a net loss of $299,000, or $.11 per share last year.
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