"The European business has shown significant growth during the past year lead by Intimissimi, Decathlon and DBA brands, which was mainly driven through product and service innovation.
"This is clearly evident by the company’s healthy order book to date."
He said the order book for the next six months was strong.
Textured Jersey reported earnings of 40 cents per share for the quarter in accounts filed with the Colombo Stock Exchange. In the six months to September it reported earnings of 77 cents per share on profits of 503 million rupees, up 53 percent.
Revenues in the September quarter rose 33 percent to 3.2 billion rupees, cost of sales rose at a slower 29 percent to 2.8 billion rupees allowing gross profits to expand 79 percent to 346 million rupees.
Lam said the firm had operated at optimal capacity and had a product mix that kept margins higher than the previous year.The cash positive firm showed a 19 million rupee net interest income. It had 2.0 billion rupees in cash reserves.