GREENVILLE, N.C. (Aug. 24)—JPS Industries Inc. recorded a $1.41 million in net profits for the third quarter compared with a loss last year as sales climbed 4.7-percent to $72.8 million. The company said its JPS Elastomerics division recorded an 8.7-percent decline in operating income to $2.1 million, although sales rose 9.8-percent rise to $22.4 million. The firm´s glass business had higher sale and doubled its operating profits, the apparel business cut its operating loss despite slightly lower sales in the quarter.
JPS posts improvement in 3rd quarter results
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