Syrian state-owned textile and clothing manufacturer Spinning and Weaving General Company (SWGC) has reported a 62.8 per cent hike in sales for the first eight months of the year to SYP575m, from SYP353m in the same period in 2003.

The company exported products worth SYP50 million during the first ten months of 2004.

It has also reduced its stockpile to SYP445m compared to SYP570m at the start of 2005.