Marisa Christina Posts Q4 Profit Jump

Upscale women's clothing producer Marisa Christina Inc on Monday posted a sharp rise in fourth quarter and full year net profit despite sluggish sales.

The New York-based firm posted a quarterly net profit of $6.5 million versus $75,000 in the year-ago period and said full year net profit soared to $7.6m from $600,000 in 2001 as it was boosted by the $6.3m reinstatement of income tax benefits.