Excal Enterprises Inc said revenues increased by 17 per cent to $2.548m for the second fiscal quarter ended 30 September 2001 compared with revenues of $2.186m for the same period last year.

This rise is due to increased revenue in its three business segments: the manufacture and distribution of sports licensing products, the manufacture and distribution of sporting goods products and the rental of commercial real estate.

For the six months ended 30 September 2001, revenues were $4.626m versus $3.888m in the corresponding period a year ago. The net loss amounted to $246,264, or seven cents per share, compared with a net loss of $427,529 or 11 cents per share a year ago. The results include increased expenses incurred by the new sporting goods segment.

W Carey Webb, Excal's president and chief executive officer, said that sales and orders continue to increase for Roxbury Industries Corp, the company's sports licensing segment which produces and distributes knit products licensed to include the logos of professional and college teams.