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Price-cuts take toll on Fortei

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The need to cut prices of its clothing products to stimulate sales has resulted in Fortei Holdings making a $30.7 million loss for the first six months of the year, compared with a profit last year of $8.7 million. Turnover fell to $63.6 million from $85.7 million. No interim dividend was recommended compared with one cent per share last year.

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