Printer Friendly

ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS IMPROVED FOURTH QUARTER AND YEAR-END RESULTS

 ROCKY MOUNT UNDERGARMENT CO., INC.
 REPORTS IMPROVED FOURTH QUARTER AND YEAR-END RESULTS
 ROCKY MOUNT, N.C., March 23 /PRNewswire/ -- Rocky Mount Undergarment Co., Inc. (NASDAQ: RMUC) today reported results from operations for the quarter and year ended Dec. 31, 1991.
 Net sales for the fourth quarter of 1991, were $4,854,000, compared to $4,262,000 reported for the fourth quarter of 1990. Operations for the quarter resulted in a net loss of $45,000 ($.02 per share) compared to a net loss of $561,000 ($.19 per share) for the comparable period last year.
 Net sales for the year were $18,875,000 compared to $18,026,000 for 1990. Net loss from operations for the year totaled $297,000 ($.10 per share) compared to a net loss from operations of $894,000 ($.30 per share) for 1990.
 Improvements in operating results are directly attributable to increases in sales volume coupled with containment of costs.
 Currently, the order backlog is higher than at the same point one year ago. Estimated first quarter sales figures are projected higher than those of 1991.
 In February, the Company completed a license agreement for Norfin(R) Trolls. A family or "gang" of over 150 characters with a rich sales history, the Norfin Trolls are expected to be a hot property in toy and apparel stores for 1992.
 Rocky Mount manufactures and markets intimate apparel for women and children.
 ROCKY MOUNT UNDERGARMENT CO., INC.
 COMPARATIVE TABLE
 Year Ended Quarter Ended
 Dec. 31, Dec. 31, Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Net Sales $18,875,000 $18,026,000 $4,854,000 $4,262,000
 Net Loss $ (297,000) $ (894,000) $ (45,000) $ (561,000)
 Net Loss Per
 Share $ (.10) $ (.30) $ (.02) $ (.19)
 Weighted Average
 Shares
 Outstanding 2,876,000 2,978,000 2,895,000 2,900,000
 Current assets $8,603,000 $7,339,000
 Total assets 10,520,000 8,878,000
 Current liabilities 3,294,000 1,662,000
 Long-term debt 761,000 342,000
 Deferred revenue -- 130,000
 Stockholders' equity 6,465,000 6,744,000
 -0- 3/23/92
 /CONTACT: Charles Kralik, Vice President-Finance, Rocky Mount Undergarment Co., Inc., 919-446-6161, or Seth Berkowitz, Seth Berkowitz Communication, 212-481-1930/
 (RMUC) CO: Rocky Mount Undergarment Co., Inc. ST: North Carolina IN: TEX SU: ERN


JZ-CM -- CH008 -- 0716 03/23/92 16:02 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 23, 1992
Words:394
Previous Article:MOODY'S CONFIRMS 'Aa' RATING FOR FLORIDA GENERAL OBLIGATION BONDS
Next Article:DOUGLAS MOSS NAMED PRESIDENT OF MADISON SQUARE GARDEN NETWORK
Topics:


Related Articles
ROCKY MOUNTAIN UNDERGARMENT CO., INC. ANNOUNCES THIRD QUARTER RESULTS
ROCKY MOUNT UNDERGARMENT CO., INC., AND THE PRINCIPALS OF MARION ROHR ANNOUNCE A JOINT VENTURE
ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS IMPROVED FIRST QUARTER RESULTS
ROCKY MOUNT UNDERGARMENT CO., INC., NAMES JEFF TREESE VP-MANUFACTURING
ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS SECOND QUARTER RESULTS
ROCKY MOUNT UNDERGARMENT CO., INC., NAMES STEPHEN GREENBERG PRESIDENT AND ANNOUNCES INCREASED CREDIT LINE
ROCKY MOUNT UNDERGARMENT CO., INC. REPORTS THIRD QUARTER RESULTS
ROCKY MOUNT UNDERGARMENT CO. FILES FOR RE-ORGANIZATION
ROCKY MOUNT UNDERGARMENT CO., INC. ANNOUNCES AGREEMENT ON PLAN OF REORGANIZATION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters