Royal Ten Cate half-year profits rise 21%
The net profit of Dutch textile producer Royal Ten Cate increased by €2.6 million (+21%) to €15.0 million for the first half of 2005. Sales rose by 16% to €351 million, with organic growth accounting for 14% of the rise.
Sales in the Advanced Textiles & Composites sector rose by 44% to €150 million, with the acquisition of Southern Mills accounting for 27%. Organic growth accounted for 17%.
Sales of multi-risk fabrics for professional wear and the outdoor market showed strong growth in both