Textile machinery producer Rieter Holding AG has posted a full-year 18.8 per cent profit increase to SFR137.8 million, attributing it to a stronger global economy as well as strong growth within the Asian market.

The company said that the US and Japanese markets had also undergone active development, but that EU countries provided much lower growth.

Full-year consolidated sales in the period increased by 1.8 per cent to SFR3.173 billion.

New orders rose by 4.1 per cent to SFR3.088bn.