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- Jun 20, 2013
- Updated: 11:35pm
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Financially troubled lingerie-maker Top Form International says it understated its first-half loss to December 31 because of an accounting mistake concerning the production cost for inventories.
It warned of heavier losses for the full year because it would make a bigger provision for its inventories after measures to streamline its businesses.
It reported a first-half loss of $68.3 million against a profit of $11.3 million in the year-ago period.
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