MARZOTTO SPA BACK IN BLACK IN FIRST HALF

MILAN--Marzotto SpA, the Italian textile and apparel manufacturer, moved into the black in the first half of 1994 after a loss in the same period last year.
Marzotto, which owns Hugo Boss, the German men's apparel maker, reported earnings in the first six months of this year of $6.3 million (9.8 billion lire) against a year-ago loss of 5.2 billion lire. Sales were up 2.7 percent to $438 million (985.8 billion lire) from 959.5 billion lire. Operating profits were up 50 percent to $48.9 million (76.4 billion lire) from 51 billion lire.
Marzotto said the sales gains reflected a 4.7 percent increase in overseas business; the Italian market was flat. About 62 percent of the group's sales were abroad in this year's first half against 60.8 percent in the same period a year ago.
In the first eight months of the year, sales were up 5.8 percent to $872.6 million (1.36 trillion lire). Sales in Italy were up 2 percent while sales overseas were ahead 8 percent.
For the full year, Marzotto expects sales to be up 6 percent with a significant increase in operating profits. Last year, Marzotto's sales were 1.95 trillion lire and operating profits came to 128.4 billion lire.

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