Silk Industries Plc on Tuesday said its turnover for the four months to the end of August is up on the year-ago period and its first half outlook is "healthy".

The group said the business is continuing to benefit from the move away from casual dressing and its woven ties were selling well with its print division also performing well and order books for both divisions at similar levels to last year.

The company, which sees lower costs due to discontinued operations, also announced plans to invest in a new dyeing plant at both weaving and print divisions and said it will continue updating and adding to computerisation across the group.

It added: "The business environment is tough, particularly for on-shore manufacturing, yet by concentrating on customer service we have confidence in the future prospects for the business.".