Top Form admits it made error

Lingerie-maker Top Form has revealed the accounting procedural error in its interim result ended December 31 involved $3.7 million.

The company said the error arose when one of the company's production bases adopted a new stock-keeping system.

Compared to the loss of $68.3 million, the under-reporting of $3.7 million was not significant, the company said.

The situation has been rectified.