Sportswear and sports shoe maker and marketer Head NV on Tuesday posted a wider second quarter net loss of $9.3 million compared to a net loss of $2.5m in the year-ago period and a slide in revenue to $72.8m from $75.6m.

For the first half ended June 30, Head had revenues of $147.7m compared to $152.9m in 2001 and a net loss of $12.8m versus a net loss of $4.2m last year.

Johan Eliasch, chairman and CEO, commented: "Against tough market conditions, I am pleased to report that our sales and operating margins for the six months to June 2002 have increased on a like for like basis (excluding footwear sales) compared to the equivalent six month period last year.

"I would also like to point out that below the operating line, foreign exchange movements, especially the euro versus the US dollar, have negatively impacted our net income and EPS."