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Quiksilver Loses $1.8 Million

March 13, 1992

NEWPORT BEACH — Surf- and skiwear maker Quiksilver Inc., hit by poor retail sales during the recession, reported a loss of $1.8 million, or 28 cents per share, in its 1992 first quarter ended Jan. 31.

In the same period a year earlier, Quiksilver posted net earnings of $1.1 million, or 18 cents per share.

The company reported revenue of $18 million in the quarter, up from $15.9 million a year earlier. Current fiscal first-quarter revenue, however, includes $5.4 million in sales from Na Pali S.A., a French firm that Quiksilver acquired in February, 1991, to market its products in Europe.

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