By  on January 31, 1994

MONTREAL -- Profits at Dominion Textiles Inc. slid 15.4 percent in the second quarter and 12.3 percent in the six months ended Dec. 31, dragged down by high denim inventories at retail and price weakness in yarns and apparel fabrics.

Charles H. Hantho, chairman, president, and chief executive officer, said the apparel industry in North America continues to be soft in certain apparel segments and oversupply throughout the apparel market, while in Europe there are "only modest signs" of recovery.

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