Net sales of Sport-Haley's fashion apparel fall by 3%

19 May '08

3 min read

Net loss for the three months ended March 31, 2008, was ($80,000), an improvement of $138,000, or 63%, as compared with the net loss of ($218,000) for the comparable three-month period in the prior fiscal year. Net loss for the nine months ended March 31, 2008, was ($683,000), an improvement of $153,000, or 18%, as compared with the net loss of ($836,000) for the comparable nine-month period in the prior fiscal year.

Basic and diluted earnings (loss) per common share were ($0.04) and ($0.09) for the three month periods ended March 31, 2008 and 2007, respectively. Basic and diluted earnings (loss) per common share were ($0.30) and ($0.31) for the nine month periods ended March 31, 2008 and 2007, respectively. All securities options were anti-dilutive and therefore excluded from the per share calculations with respect to periods in which net losses were incurred.

For further information regarding the third quarter of our 2008 fiscal year, refer to our Form 10-Q for the quarterly period ended March 31, 2008, which submitted to the Securities and Exchange Commission.

Sport-Haley Inc

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