Leading knitted fabric manufacturer Fountain Set (Holdings) Ltd on Thursday reported a 34 per cent leap in full-year profit to HK$271.4 million from HK$201.4m in the year-ago period.

The company, which supplies leading retailers including Gap and Wal-Mart, said turnover in the 12 months to August climbed nine per cent year-on-year to HK$4.9 billion while finance costs plunged to HK$47.6m.

Fountain has more than 9,000 workers spread across operations in China, Canada, Hong Kong, Sri Lanka and Malaysia.