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Arctic Cat reports third-quarter profits

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THIEF RIVER FALLS -- Thief River Falls-based Arctic Cat reported good profits in its fiscal year's third quarter, which ended Dec. 31, despite lower sales figures, because of sharp cost-cutting, including fewer workers, company officials announced Wednesday.

Third-quarter net earnings were $2.6 million on net sales of $131 million, up from net earnings in last year's third-quarter net loss of $2.7 million on net sales of $174 million.

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