Other income increased by $429,000, from $75,000 in the fourth quarter of 2007 to $504,000 in the fourth quarter of 2008. Other income in the fourth quarter of 2008 included $500,000 from the sale of an entity in Mexico.
Loss on equity method investment was $899,000 in the fourth quarter of 2008 or 2.4% of total net sales, compared to no such expense in the fourth quarter of 2007. The loss was the result of the disposition of our 45% membership interest in American Rag Cie LLC in connection with settlement of our litigation with American Rag Cie.
The net loss in the 2008 fourth quarter, including charges, was $5.8 million or $0.19 per share, compared to net income of $325,000 or $0.01 per share in the 2007 fourth quarter.
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-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
