PORT LOUIS Feb 14 Mauritian clothing maker Ciel
Textile said pre-tax profit dropped 16 percent in the
first-half as a result of restructuring costs from its knitwear
Ciel Textiles supplies woven, knitwear and fine knits to
Britain's Marks & Spencer and Next and Spain's
Zara, the owner of the Inditex brand.
It said in a statement on Tuesday its pre-tax profit was
370.51 million rupees ($10 million) in the six months to Dec.
Ciel Textiles, whose revenues fell to 5.44 billion rupees
from 5.53 billion a year ago, said its order book for the second
half of the year was showing "marginal improvement".
The company, which is listed on the island's secondary
Development and Enterprise Market, said its earnings per share
fell to 2.51 rupees from 3.42 rupees a year earlier.
($1 = 35.3500 Mauritius rupees)
(Reporting by Jean Paul Arouff; Editing by Clement
Uwiringiyimana and Alexander Smith)