USA: Second Quarter Results From Cone Mills Highlight Progress
Cone Mills Corporation (NYSE: COE) today announced second-quarter 2000 sales of $161.5 million with net income of $1.5 million, or $.02 per share of common stock after preferred dividends. John Bakane, president and chief executive officer, commented: "In light of the tremendous restructuring we have come through in the past eighteen months, led by improved results in denim and our Carlisle facility, we were able to earn a profit this quarter.