CULP INC <CULP.O> 4TH QTR MAY TWO NET Shr 29 cts vs 23 cts Net 1,262,000 vs 1,002,000 Sales 49.9 mln vs 40.3 mln Year Shr 1.18 dlrs vs one dlr Net 5,205,000 vs 4,339,000 Sales 180.1 mln vs 150.7 mln NOTE: Prior year net both periods includes gain 900,000 dlrs from adjustments to LIFO reserves, compensation related accruals and a revised effective tax rate.