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January 22, 2002

USA: Delta Mills Nets Sales Shortfall

Textile giant Delta Mills Inc on Tuesday reported a sharp fall in second quarter net sales to $44.1 million compared to net sales of $59.7m for the year ago period. In a statement, the company said net sales for the quarter ended December 29, 2001, fell by more than $15m compared to 2000 but that the figure of $44.1m represented a 19 per cent increase over net sales for the first quarter of fiscal 2002.

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