PORT LOUIS, Feb 14 (Reuters) - Mauritian clothing maker CielTextile said pre-tax profit dropped 16 percent in thefirst-half as a result of restructuring costs from its knitwearactivities.
Ciel Textiles supplies woven, knitwear and fine knits toBritain's Marks & Spencer and Next and Spain'sZara, the owner of the Inditex brand.
It said in a statement on Tuesday its pre-tax profit was370.51 million rupees ($10 million) in the six months to Dec.31.
Ciel Textiles, whose revenues fell to 5.44 billion rupeesfrom 5.53 billion a year ago, said its order book for the secondhalf of the year was showing "marginal improvement".
The company, which is listed on the island's secondaryDevelopment and Enterprise Market, said its earnings per sharefell to 2.51 rupees from 3.42 rupees a year earlier. ($1 = 35.3500 Mauritius rupees) (Reporting by Jean Paul Arouff; Editing by ClementUwiringiyimana and Alexander Smith)
Marks & Spencer (MKS)
Next (NXT)