Pringle insists it will hit its target of making a profit by 2005 despite reporting pre-tax losses of GBP3.1 million for the year to end March 2003. Pringle chief executive Kim Minser said the figures reflected Pringle's withdrawal of licenses from Germany and France, and the UK and Italy were showing good growth. Asia and the US also saw a strong performance. Turnover fell by more than GBP1m to GBP19m.