Clothing manufacturer, John Master Industries Berhad, has recorded a slight drop in turnover but a big increase in pre-tax profits.

The company posted a group net turnover of RM90.1 million for the year ended March 31, down from the previous year's RM91.1 million. But pre-tax profit improved by more than 100 per cent to RM 38.2 million, up from the 7.4 million the previous year.

The company says the big improvement in pre-tax profit was due to a gain of RM23 million from the sale of the John Master (Hong Kong) Group of companies.

Chairman, Abdul Rahman Arshad said during the year and particularly the second half, the economy was relatively soft and consumer sentiment remained cautious. He said that strategies put in place the year before had worked well and the company was continuing to work hard to produce value-for-money merchandise.