Textile maker Novel Denim Holdings Ltd has registered a fourth quarter net loss of US$24.9 million, widened from a loss of US$13.4m in the same period a year ago.

The company, which recently announced plans to sell its denim operations in Mauritius, also posted a 38.6 per cent rise in quarterly net sales to US$39.4m, up from US$28.4m in the previous fourth quarter.

According to Novel CEO KC Chao, the mixed fourth quarter results reflected a number of recent restructuring efforts undertaken by the company.

"These actions include closing our garment operations in South Africa and the more recent decision to divest ourselves of all operations in Mauritius," Chao said.

"Mauritius has been the foundation of our operations since the company's founding and until two years ago, was the source of significant profit for many years.

"However, the company cannot continue to operate loss-making divisions given its borrowings and the uncertainty within the global textile and apparel industry."

Novel supplies a broad range of woven and printed fabrics to customers primarily in the United States and Europe.