French apparel maker Alain Manoukian on Monday revealed it swung to a loss in the first half of this fiscal year but expects its fortunes to improve on that performance during the second half of the year. The company posted a net loss of 2.6 million euros compared to a net profit of 3.2 million euros in the year-ago period. Revenue slipped 5.7 per cent to 74.6 million euros from 78.7 million euros in 2001.