Casual apparel retailer Texwinca Holdings Ltd has posted a 41 per cent drop in first half net profit to HK$180.1 million, down from HK$303.2m in the same period last year.

Operating profit was also down to HK$185.4m for the six months to September, compared to HK$309.3m in first half 2002.

Revenue, meanwhile, rose to HK$2.88 billion from HK$2.88bn a year ago.