Taiwan denim and jeans maker Nien Hsing Textile Co reported a 15 per cent fall in pre-tax profits for August - down to NT$160.2m from NT$187.8m for the same period last year.

But pre-tax profits in the first eight months of the year came in at NT$1.41bn, up from NT$1.40bn in August last year.

Nien Hsing explained that prices of garments produced by them had fallen slightly, due to the global economic downturn.