South Africa's biggest clothing and textile producer, Seardel Investment Corp Ltd, has posted a 43 per cent increase in headline earnings per share for the six months ended 31 December 2004.

Attributable net profit, however, dropped to ZAR28.2 million from ZAR37.8m, while revenue grew 1.5 per cent to ZAR2.01 billion.

Seardel said that the strength of the rand had encouraged imports from countries such as China, but said it was doubtful the headline earnings increase would continue now that have quotas have ended.