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United States Of America : Tropical Sportswear Suffers Stormy Q3, Sales Down

2003-7-24 8:30:00

Tropical Sportswear International Corp on Monday posted a far wider third quarter net loss amid falling sales and added it had renewed its revolving credit line.The Florida-based firm, whose brands include Royal Palm and Banana Joe, reported a net loss of $30.6 million, or $2.75 per share, versus a net loss of $5.6m, or $0.69 per share, in the same period last year.

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