London -- SSL International plc has reported that its overall sales for H1 were up by 10.1 percent to £262.7 million (€365.9 million) compared to the same period in 2006.
The company said in a 20 Nov statement that sales of its Durex brand rose by 9 percent to £102.5 million, due to strong growth in Italy, eastern Europe and China.
SSL's Scholl footcare range also rose by 10.8 percent to 64.7 million year-on-year, as a result of the success of new products, which allowed the company to widen its distribution into new markets, said SSL in the statement.
Sales in Scholl footwear reached £34 million, an increase of 18.9 percent.
Other consumer sales from retail stores, distribution of third party products, such as
Marigold house gloves, and unbranded condoms increased by 9 per cent to £20.6 million and contract manufacture sales rose by 8.6 per cent to £6.3 million, said the company.
SSL said that excluding a one-off-charge of £29.4 million, operating profit grew by 19 percent to £28.1 million.
According to SSL, strong cash flow has reduced the company's net debt from £88.7 million to £77.5 million.
â€Our sales performance underlines the strength of our global brands and our marketing approach,â€ said Garry Watts, chief executive of the company, in the statement.
â€œOur work to turn around Scholl footwear is bearing fruit. It is encouraging that the business made good progress across all categories,â€ he added.
â€œRestructuring the European supply chain will bring benefits from 2009 onwards, supplementing profit generation from Durex, Scholl and our other brands. After a strong first half we're on target to achieve double digit operating profit growth for the full year,â€ said Watts.