Golf wear maker Sport-Haley Inc has widened its third quarter net loss on higher expenses incurred while marketing its Top-Flite apparel.

 

For the quarter ended 31 March net loss was $218,000, an increase of 15% on the losses of $190,000 posted in the same quarter of last year.

 

The Denver, Colorado-based company said net sales of its Sport Haley and Ben Hogan fashion apparel were $5.27m, an increase of 25% over last year's $4.21m. No Top-Flite apparel was shipped during the quarter.

 

"Over the last six to seven months we've continued to seek alternative markets for our Top-Flite branded apparel," said Donald W Jewell, chief executive officer.

 

"As a result, orders obtained to date will begin shipping in September 2007. In addition, we've identified several other potential customers that have expressed significant interest in our forthcoming Top-Flite line for spring 2008."

 

Net loss for the nine month period was down 35% to $836,000, from last year's comparable net loss of $619,000. Net sales of fashion apparel rose 2% to $12.95m from $12.65m.