• FY earnings reach CNY1.13bn
  • Sales climb 12.1%

Texhong Textile Group, one of the largest suppliers of cotton/spandex fabrics in the world saw earnings and sales climb in fiscal 2013.

In the 12 month period, earnings reached CNY1.13bn (US$184.1m), compared to a profit of CNY486.3m a year earlier.

Sales climbed 12.1% to CNY8.23bn from revenues of CNY7.34bn a year earlier.

The company said it benefited from expanded production capacity in fiscal 2013, in addition to an improvement in sales volume in the second half of the year.