USA: Thomaston Mills Reports Second Quarter 2001 Earnings
Thomaston Mills Inc has declared that its sales for the quarter ended December 30, 2000 ended roughly even with the year before at $37m.
The company blamed the loss of $5.9m ($.91 per share) on the global oversupply of textile products and slow retail sales during the quarter.
However, the company was able to record an increase of 15.5 per cent on sales of consumer products
In a statement from the company a spokesman pointed out that they were not happy with the quarter results but were pleased with the advances that had been made in the implementation of a new supply chain management system.
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