Profit at German fashion group Ahlers rose by more than 700% in the first nine months of its financial year, boosted by the EUR78m sale of its shirt, blouse and tie maker Eterna.

Profit was EUR79.1m (US$99.3m) for the period, compared with EUR9.7m a year earlier.

Turnover dropped 6.8% to EUR224.2m, from EUR239.5m.