Apparel fabric and home accessories manufacturer, Dan River, is warning of a third-quarter loss of 20 cents to 25 cents a share.

And it is also warning that it will have to break financial covenants in its bank-credit agreement.

The company says it is seeking a waiver or amendment to the agreement so that it can work round the problem.

The warning came in the company's second-quarter earnings statement which showed a loss of $6.1m compared with a net income of $3m the previous year. < body="">

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