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Cone Mills39 Sales Up

Cone Mills' Sales UpGreensboro, N.C.-based Cone Mills Corp. reported third-quarter 2002 net sales of $111.7 million, up $4.7 million over year-earlier sales. Third-quarter net income of $3.8 million, or 11 cents per share after preferred dividends, compared with a year-earlier net loss of $4.6 million, or 22 cents per share.Market conditions for Cones business segments were mixed in third quarter with denim markets holding up well and home furnishings markets sharply weakened, said John L. Bakane, president and CEO. Nevertheless, Cone was able to report its best third quarter earnings in seven years. December 2002