Apparel firm Esprit Holdings reported a 28.1% jump in first-half net profit thanks to a good performance on the European market.

Interim net profit was HK$2.4bn (US$392m), the company said, while revenue grew 23.4% to HK$14.6bn.

In Europe, sales increased 25.3% to HK$12.5bn, contributing toward 85.8% of the firm's total sales for the first half.

The company also referred to the appreciation of the Euro over the Hong Kong dollar as a reason for its good results.

Esprit, which said it had seen strong same-store sales growth, added that it plans to quicken the expansion of its retail portfolio.