Wedding apparel maker JLM Couture Inc has reported a decline in sales for the third quarter due to lighter traffic at bridal salons throughout the country in the first half of 2004.

Revenues fell 11 per cent to $6.95 million from $7.84m in the same quarter in 2003.

Net Income for JLM's third quarter was $161,347, or $ 0.08 per basic and diluted share, compared to $481,105 or $0.25 a basic and $ 0.24 a diluted share, in the same quarter in fiscal 2003.

For the first nine months of fiscal 2004, revenues were $19.96m, a 7 per cent decrease from the $21.52m reported last time.

Net income for the first nine months of fiscal 2004 was $528,576, or $0.28 a basic share and $0.27 a diluted share, as compared to $1.07m or $ 0.56 a basic share and $0.53 a diluted share, for the same period in fiscal 2003.

The company said earnings declined on a drop in sales and weaker gross profit margin.