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OAK HILL SPORTSWEAR REPORTS RESULTS

 OAK HILL SPORTSWEAR REPORTS RESULTS
 NEW YORK, March 4 /PRNewswire/ -- Oak Hill Sportswear Corporation


(NASDAQ: OHSC) announced today that net income for the year ended Dec. 31, 1991 was $458,000, or $.22 per share compared to a loss of $3,572,000 or $1.74 per share in 1990. Net income in the fourth quarter ended Dec. 31, 1991 was $69,000 or $.03 per share compared to a loss of $2,466,000 or $1.20 per share in the fourth quarter last year. The loss in both 1990 periods included a restructuring charge of $1,800,000 after tax benefit or $.87 per share.
 Arthur L. Asch, chairman of the board of Oak Hill Sportswear Corporation, stated that "the level of earnings achieved in the fourth quarter and full year ended Dec. 31, 1991 were a substantial improvement over the same periods in 1990. This was accomplished in the difficult economic environment and poor retail climate which existed throughout 1991. The company realized its goals of increasing gross profit margins and significantly reducing operating and interest expenses which more than offset much lower sales in the fourth quarter and full year of 1991.
 Oak Hill Sportswear Corporation is a manufacturer of women's apparel.
 OAK HILL SPORTSWEAR CORPORATION
 Operating Results
 (In thousands except for per share data)
 Periods ended Year Three Months
 Dec. 31 1991 1990 1991 1990
 Net sales $91,194 $118,224 $20,518 $27,846
 Inc. (loss) bef. taxes 739 (5,922)(A) 111 (4,138)(A)
 Net income (loss) $458 ($3,572)(A) $69 ($2,466)(A)
 Net inc. (loss) per shr. $.22 ($1.74)(A) $.03 ($1.20)(A)
 Weighted aver. no. of
 shares outstanding -
 fully diluted 2,058 2,058 2,058 2,058
 (A) Includes a restructuring charge of $1,800 after-tax benefit ($3,000 before taxes) or $.87 per share.
 -0- 3/4/92
 /CONTACT: Arthur L. Asch, chairman of Oak Hill Sportswear, 212-789-8811/
 (OHSC) CO: Oak Hill Sportswear Corporation ST: New York IN: REA SU: ERN


SM-SB -- NY019 -- 4856 03/04/92 10:04 EST
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Publication:PR Newswire
Date:Mar 4, 1992
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