SEAWAY SALES UP IN QUARTER; OFF IN YEAR

MAUMEE, Ohio -- Seaway Food Town here reported increased sales in the fourth quarter ended Aug. 27 while the year's sales were down.fell 2.4% for the year and 0.2% for the quarter.Net income for the year rose 83.4% to $2.1 million and included an after-tax charge of $123,000 for early extinguishment of a $6.3 million debt, plus a charge of $256,000 resulting from the cumulative effect of accounting

MAUMEE, Ohio -- Seaway Food Town here reported increased sales in the fourth quarter ended Aug. 27 while the year's sales were down.

fell 2.4% for the year and 0.2% for the quarter.

Net income for the year rose 83.4% to $2.1 million and included an after-tax charge of $123,000 for early extinguishment of a $6.3 million debt, plus a charge of $256,000 resulting from the cumulative effect of accounting changes.

For the quarter the company reported net income of $697,00

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