Fashion company Jordan has recorded a net loss of 83,000 euros for 2002, president Giuseppe Soffiantini said yesterday.

The Manerbio-based company, which enjoyed a net profit of 45,000 euros in 2001, also reported a fall in turnover to 38 million euros from four million the previous year.

However, it managed to reduce net debt from three million at the end of 2001 to 1.9 million euros last year.