Tatyana Designs, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
For the six months, the company reported net sales were $6,889,000 against $4,421,000 a year ago. Income from operations was $116,000 against income from operations of $578,000 a year ago. Loss before income tax was $71,000 against income before income taxes of $540,000 a year ago. Net income was $38,000 against net income of $540,000 a year ago. Basic and diluted earnings per common share were $0.00 against basic and diluted earnings per share of $0.05 a year ago. During the first half of 2013 generated $464,000 in cash from operating activities increased inventories and related deposits by $61,000 to support boutique openings and wholesale and e-commerce growth.