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The Boston Globe

Business

Ethan Allen jumps on profit gain

Shares of Ethan Allen Interiors Inc. jumped on a 49% profit gain in the quarter as the furniture maker completed a major product rollout. The company said net income was $10.06 million or 35 cents per share, compared $6.77 million or 23 cents last year. Sales rose 1.4 percent to $187.4 million. Chairman and CEO Farooq Kathwari said retail division orders also remained strong.

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