Here is some of it:
INNOVO GROUP INC. Reports Net Sales of $7,389,000
and Net Income Of $1,042,000 for the Third Quarter of
KNOXVILLE, Tenn., Oct. 14 /PRNewswire/ -- INNOVO GROUP INC. (Nasdaq: INNO -news), a manufacturer and supplier to national and international retailers, including Wal-Mart,Target, K-Mart, Michael's, Hobby Lobby, Dollar General, Profitt's, and Goody's, today announced revenues and earnings for the third quarter of the 1999 fiscal year.
For the quarter ended August 31, 1999, the Company had net income of $1,042,000 or $0.17 per share compared to a net loss of $1,437,000 or $0.32 per share for the third quarter of fiscal 1998.
Net sales in the third quarter were $7,389,000 compared to $2,294,000 in the third quarter of fiscal 1998, representing a 221.1% increase. For the nine months ended August 31,1999, the Company's net sales have increased to $9,481,000 compared to $5,822,000 in 1998. For the
same period, the Company has experienced a net loss of $16,000 in 1999 compared to a net loss
of $2,432,000 in 1998.