The board of directors at Italian manufacturer of leather-upholstered furniture Natuzzi S.p.A has agreed to a change in the unaudited consolidated financial statements approved by the board on March 29 reducing the company’s net loss. The change to the results lowers Natuzzi's net loss for the full year 2005 and fourth quarter 2005 to €14.6 million and €0.7 million respectively, from €16.7 million and €2.8 million as previously announced.

Share this story: