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From Home Furnishing Business

Natuzzi Posts 3Q Loss of $24.8M

Net sales for Leather upholstery supplier Natuzzi  (NYSE: NTZ)  in the third quarter ended Sept. 30 were $136.8 million, a 7.5 percent drop from net sales of $147.9 million posted in the third quarter of 2012.

The company posted a net loss of $24.8 million for the quarter, compared to a net loss of $6.9 million in the same quarter last year. 

Net sales for the nine month ended Sept. 30 slid 4.2 percent to $430.8 million from net sales for the same period last year of $449.6 million.

Net loss for the nine-month period was $51.1 million; net loss for the same nine months last year was $18.4 million.

The complete earnings release can be found online

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