Intimate wear company Maidenform has suffered a 13 per cent slide in third-quarter income, on an increase in corporate expenses.

Third-quarter reported net income rose to $2.1 million in the quarter and to $9.1m in the year so far, compared to $1.7m and a loss of $5.0m respectively last year.

Net sales during the quarter rose 11.2 per cent while year-to-date sales were up 15.3 per cent. Wholesale net sales rose 13.9 per cent in the quarter and 18.3 per cent in the year so far.

"We are pleased with our top-line growth during the third quarter, which was driven by higher sales in the mass merchant channel and in the department stores and national chain stores channel," said Thomas Ward, chief executive officer.

"We successfully launched several new and innovative products in the third quarter…we are particularly pleased with the launch of our new Dream Bra and its initial marketplace success, which provides an excellent foundation for product extensions in the Dream Collection for the spring of 2006".

Maidenform designs, sources and markets a range of intimate apparel products, including bras, pants and shapewear.