Lingerie and hosiery maker Wolford AG today said it made a net loss of 4.6 million euros for the year ended 30 April, compared with net profit of 744,000 euros a year earlier. The company said it did not plan to pay a dividend for the second year in a row.

Sales fell to 137.62 million euros, from 143.88 million euros the previous year.
 
Operating losses were 2.469 million euros against a profit of 3.047 million in 2000/2001.