Turnover at French textile company Chargeurs SA dropped to €234 million for the second quarter of 2004, down from €277m in the same period of 2003.

For the first six months of 2004 turnover was €440m versus €517m for the first half of 2003.

Chargeurs, which makes wool-based fabrics and interlinings, generates 62 per cent of its turnover in Europe, 22 per cent in Asia and the remaining 16 per cent in the Americas.