Rugged outdoor, occupational, and casual footwear manufacturer, Rocky Shoes & Boots, Inc, yesterday announced an increase in net income of 17.2 per cent to $1.5 million.

The company, which this year won two lucrative military boot contracts from the US Army worth a total of $11.5m, said it was pleased with the results, which include a restructuring charge of $1.3m after it closed its Ohio factory.

Net sales were $38.5m for third quarter versus $37.2m last year.

Mike Brooks, chairman and chief executive officer, said: "The third quarter earnings reflect positive contributions from key initiatives implemented during the past year to reduce our cost structure, manage transactions, and achieve improved operating efficiencies. As a result, we are better positioned to respond to changes in our markets.''

He added: "We, like most businesses, have been affected by the accelerated economic slowdown that occurred as a result of the September 11th tragedy. We continue to receive orders for fourth quarter delivery and are working diligently to achieve our objectives for 2001.''