OroAmerica Reports Quarterly Loss of $647,000
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OroAmerica Inc., Burbank, reported a net loss of $647,000 for the second quarter ended July 30, compared with net earnings of $1,000 for the same period last year. Revenues were $30.1 million compared with $29.4 million. The loss includes a $585,000 write-off related to the closure of the company’s Beverly Hills cigar store, the company said.
OroAmerica designs, manufactures and distributes gold and silver jewelry.
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