Clothing retailer New Wave Group AB has revealed it almost doubled its third quarter net profit to 14.1 million crowns (1.6 million) euros from 7.3 million crowns in the year-ago period.

The company said sales in the quarter jumped to 413.2 million crowns (45.6 million euros) from 370 million crowns (40.9 million euros) in the same period of 2002.