European fashion supplier Ciel Textiles H1 profit up 28 pct
PORT LOUIS (Reuters) - Mauritian clothing maker Ciel Textiles reported a 28 percent rise in first-half pretax profit after an improved performance from its knitwear business, and said it had satisfactory orders for the current quarter. The supplier of woven, knitwear and fine knits to Britain's Marks & Spencer and Next and Spain's Zara posted earnings of 330.91 million rupees for the six months to December 31. "Our order books for the next quarter are satisfactory despite challenging market conditions," the firm said in a statement dated Friday. Ciel Textiles, which is listed on the island's secondary Development and Enterprise Market, said its earnings per share rose to 2.50 rupees from 1.84 rupees a year earlier.