Quaker triples profit in 4Q
February 20, 2001,
FALL RIVER, MA — With sales and margins both climbing sharply higher and costs and interest expense both coming down, fourth-quarter profits at Quaker Fabric Corp. more than tripled, rising by 248.4 percent, to $2.9 million from $838,000 a year ago.
Driving the strong recovery, sales climbed higher at a double-digit pace, improving by 13.6 percent, to $78.5 million from $69.1 million.
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