US: Delta slips to Q2 loss on markdown

Author: Richard Woodard | 27 January 2012

Delta Apparel suffered a second quarter net loss despite a slight sales increase, thanks to a one-off inventory markdown of US$16.2m.

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US: Delta Apparel in US$16m inventory markdown
Shares in Delta Apparel slumped after the company announced it would make a US$16m markdown of inventory in its fiscal second quarter.

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