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United States Of America : WestPoint Stevens Swings to Second-quarter Loss

2003-8-20

US bed and bathroom fashion specialist WestPoint Stevens posted a net loss of $ 72m (€ 64.1m) for the second quarter of 2003 compared to a net profit of 2m in the same period last year, in part due to charges related to restructuring and bankruptcy proceedings. Sales fell 19 per cent to $ 365.7m.

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