Fashion firm Pringle of Scotland has reportedly posted a full-year loss of GBP9.3m (US$14.5m), slightly narrowed on 2008's loss.

The company, owned by Hong Kong's Fang family, saw turnover broadly flat at GBP17.3m, according to The Scotsman newspaper.

Gross margin reportedly rose from 39% to 43%, but costs in developing the brand were said to have led to the loss.

A spokesperson for Pringle told just-style that the company were not able to comment on the results.