Cutter & Buck Inc says that the results of its financial restatement have lowered its cumulative net income and net worth for the three years ended 30 April 2002 by less than 1 per cent.

In a statement, the company notes its net worth at 30 April 2002 was lowered by $464,000 or 0.55 per cent, and cumulative net income for the three years to this date was lowered by $213,000 or 6.08 per cent.

This information is consistent with the restated financial statements contained in the sports and outerwear firm's annual report on Form 10-K filed with the Securities and Exchange Commission on 10 October 2002.