JAPAN: Wacoal Lingerie Profits Plunge 54 Per Cent
Leading women's lingerie manufacturer Wacoal Corp on Wednesday suffered a 54 per cent year-on-year plunge in annual net profit to $37.6 million, amid falling prices and an extraordinary loss. The Kyoto-based company, one of the world's largest producers of intimate apparel, said group operating profit was $56.2m amid lower product prices and a loss from liquidating a subsidiary's real estate holding.
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