NEW YORK — Weak markets and a weak dollar collided to send Novel Denim Holdings Ltd. to a loss and a double-digit sales decline in its third quarter.

For the three months ended Dec. 31, the Hong Kong-based firm lost $3 million, or 34 cents a diluted share, against net income of $4.1 million, or 45 cents, in the year-ago quarter. The loss before exchange gains and losses was $800,000 compared with $2.2 million last year. Sales fell by 14.2 percent to $37.9 million from $44.2 million.

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