Textile machinery and coatings company Sioen Industries posted a profit of 1.8 million euros for the third quarter of 2002, a slight increase on the 1.5 million euros reported in the same period of 2001.

Turnover was 60.2 million euros compared to 54.8 million euros in the same quarter of 2001.

For the first nine months, Sioen Industries' net attributable profit was 7.8 million euros, down from 12.1 million euros for the same period of 2001. Turnover for the period from January to September 2002 rose by 7.5 per cent to 177.7 million euro.