Blue Fish Clothing reports operating results for the six months ended June 30, 1996.FRENCHTOWN Frenchtown may refer to: In the United States:
A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX. : BLF BLF Busy Lamp Field BLF Bluff BLF British Lung Foundation (UK) BLF Big Lottery Fund (UK) BLF Business Leaders Forum BLF Billboard Liberation Front BLF Builders Labourers Federation ) today reported operating results for the six months ended June 30, 1996. Revenues increased 40% to $5,873,896, compared with revenues of $4,207,038 for the same period in 1995. Income from operations decreased to $115,712, compared with income from operations of $263,932 for the same period in 1995. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and interest expense were $2,942,993 and $94,239, respectively, compared to $2,102,025 and $75,096, respectively for the same period in 1995. Net income before taxes was $21,473, compared to $188,836 for the same period in 1995. The company also recorded a tax benefit of $173,566 as a result of establishing deferred income tax assets upon the company's conversion to a C Corporation. Marc Wallach, chief executive officer said, "Our first half financial results are better than we anticipated. The increase in operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. was primarily due to the addition of management team members, support staff and marketing expenses for anticipated future growth. The increase in interest expense was primarily due to increased borrowings for the company's working capital needs." Blue Fish Clothing Inc. is a designer, manufacturer, wholesaler and retailer of hand block-printed women's, children's clothing and accessories for the home. Each piece of Blue Fish clothing is a one-of-a-kind creation, printed by hand with hand-carved blocks. The signature block of each artist can be found inside the hem of each garment. The clothing attracts a loyal and growing following who collect the garments for the artistic beauty, comfort and the unique possibilities of layering for an individual, creative look. Blue Fish owns and operates three retail stores in Taos and Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. , N.M. and Frenchtown, N.J. A new store is scheduled to open in September, 1996 in Austin, Texas. The clothing is sold in boutiques and better apparel stores throughout the U.S. including Neiman Marcus Neiman Marcus U.S. department-store chain. It was founded in Dallas, Texas, in 1907 by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, A.L. Neiman. and Nordstrom. CONTACT: Blue Fish Clothing Inc. Richard E. Swarttz, 908/996-3844 x273 |
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