AUSTRIA: Wolford Posts Q3 Pre-Tax Loss Of 2.8m Euros
Luxury hosiery and lingerie maker Wolford said on Wednesday it had stalled a slide in operating losses in the third quarter of 2001/2002, but reported a pre-tax loss of 2.8 million euros compared with a profit of 1.8 million in the previous period. The firm reported nine-month earnings before interest and tax of 2,000 euros, which included restructuring costs of 1.5 million euros incurred through the closure of under-performing stores in Austria and the Far East. In contrast, last year's nine-month operating profit was 3.88 million euros.
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