Hosiery and lingerie maker CSP International has posted a loss of EUR9.9 million for full-year 2003, widened from a loss of EUR4.2m in the previous year.

The Milan-based company, which owns the Sanpellegrino and Le Bourget brands, also reported a fall in turnover for the year to EUR142.4m, compared with EUR159.5m in 2002.

In February, CSP posted a pre-tax loss of EUR8.4m for 2003.