Diversified apparel producer Hampshire Group Ltd has reported a fall in full-year net income from continued operations to $11.42 million, compared to $18.54m in 2002.

However, the South Carolina-based company also posted net sales of $112.48m for the fourth quarter, up from $109.73m in the same period a year prior.

Net income for the quarter, meanwhile, fell to $6.79m from $9.08m in the previous fourth quarter.

The company said its 2003 results were adversely affected by competitive conditions in the retail apparel market.