Ultimo: Annual pre-tax loss widens to 3.9 mn pounds

British lingerie brand Ultimo has reported a pre-tax loss of 3.9 million pounds (5.1 million dollars) and sales of just 2.2 million pounds (2.8 million dollars) in the year to December 31, 2016, due to costs, expenses and 2 million pounds (2.6 million dollars) in writedowns of intangible assets, reports This Is Money.