Fashion group Gerry Weber International AG has posted a drop in first half net profit to EUR7.1 million, down from EUR7.2m in the same period a year earlier.

According to a spokesman for the German company, net profit lagged because of a sales decline stemming from the discontinuation of two brands.

However, pre-tax and interest earnings rose to EUR13.1m for the six-month period, up from EUR12.9m in the previous first half.

Earnings were aided by cost-cutting measures, staff cuts and a shift in production to Eastern Europe and the Far East, the spokesman said.