AUSTRIA: Wolford 1Q Net Loss Falls To €1.67m
Luxury hosiery group Wolford AG on Thursday said it narrowed its first-quarter net loss to €1.67 million in the three months ended 31 July from €1.74 million a year earlier.
Higher sales and a 19.6 per cent reduction in debt were said to be behind the improved performance.
Sales rose in the first three months of its fiscal year rose to €24.59 million from €24.14 million a year ago.
The company says it expects full-year sales to reach its target of at least €120 million, up from the €116.3 million posted in its last fiscal year.
Wolford is launching a joint designer collection with Italian fashion house Missoni in spring/summer 2006.
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