US manufacturer of mid-range home furnishings Bassett Furniture Industries Inc. has reported higher sales for its fiscal quarter ended May 27.

Sales for the second quarter were $87.7 million, up 5.5% from second quarter 2005 levels. The company reported net income of $2.9 million compared with $1 million in the second quarter of 2005. Net income for the second quarter of 2005 included a $1.5 million after-tax charge related to the acquisition of the eight Dallas area Bassett Furniture Direct stores.

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