Textile maker Linz Textil AG has reported earnings from ordinary operations of EUR6.2 million for fiscal 2003, down from EUR8.3m in the prior year.

The Austrian company, which attributed the downturn to price pressures and a weak US dollar, also posted pre-tax and interest earnings of EUR6.4m for the year, down from EUR8.5m in fiscal 2002.

In addition, sales for the year fell to EUR163m, compared with EUR175.1m a year earlier.