Wellco Enterprises, Inc. (AMEX: WLC) today reported net income of $398,000, equivalent to basic and diluted earnings per share of $.34, from revenues of $6,291,000 for its fiscal quarter ended April 1, 2000, the third quarter of the 2000 fiscal year. This compares with net loss of $376,000, equivalent to basic and diluted loss per share of $.

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