INGLES MARKETS SALES RISE IN FOURTH QUARTER, FISCAL YEAR

BLACK MOUNTAIN, N.C. -- Ingles Markets here said sales for the fiscal year ended Sept. 27 were up 4.3% from $1.47 billion last year to $1.54 billion. and chief executive officer said 1997 was "another year of solid performance."We recorded strong operating results, improved our financial position and set the stage for continued growth and prosperity."Earnings before interest, income taxes, depreciation

BLACK MOUNTAIN, N.C. -- Ingles Markets here said sales for the fiscal year ended Sept. 27 were up 4.3% from $1.47 billion last year to $1.54 billion.

and chief executive officer said 1997 was "another year of solid performance.

"We recorded strong operating results, improved our financial position and set the stage for continued growth and prosperity."

Earnings before interest, income taxes, depreciation amortization and an extraordinary charge of $600,000 associated

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