One of the world's largest manufacturers of knitted fabrics, Texwinca Holdings, on Wednesday reported a 12 per cent year-on-year climb in first half net profit.

The company said in a statement its net profit rose to HK$303.2 million (US$39m) for the six months to September 30 from HK$270.6m in the year-ago period. Further details were not provided.

Texwinca, whose customers include Gap Inc and Fast Retailing, said earlier this year it plans to open up to 150 new stores across China in the next few months to take its retail network past the 1,000 mark, as well as invest in new machinery and production lines.

The company also said at that time it expects its loss-making retail operations in Hong Kong and Taiwan to swing to a profit this year.