Bridalwear maker JLM Couture Inc has posted a five per cent gain in full-year 2003 revenue to $26.04 million, up from $24.7m in the previous 12 months.

The New York-based company, which markets its designs under the Occasions, Lazaro and Visions brands, also reported a fall in yearly net income to $807,752, down from $1.1m in 2002.

According to CEO Joseph Murphy, JLM's modest revenue growth was due to a national slowdown in bridal retail activity.

He said the renewal of certain leases at higher rates and a charge relating to cancelling stock options negatively impacted the company's earnings growth for the year.