Top Form ends restructuring

Lingerie manufacturer Top Form International, which has just completed a debt restructuring, has cut its net loss to $32.6 million in the six months to December 31, from $49.76 million a year earlier. Losses per share were 4.88 cents, down from 7.45 cents previously. The company said 'the worst is now behind us', with the completion of the restructuring exercise and that many of the profit-draining inefficient business units were being addressed.