Specialist textiles maker Royal Ten Cate NV today said its full year net profit surged 14 per cent, helped by a strong fourth quarter performance in its Industrial Fabrics division.

Net profit for 2004 was €23.1 million, up from 20.3m the year before. Full-year sales rose 13 per cent to €641m.

Ten Cate said fourth quarter profit grew to €2.9m from €2.1m a year earlier on sales of €160m from €124 mln.