The Singaporean leather furniture maker, HTL International Holdings, has posted a 9.1% increase in profits for the first quarter of 2003, to S$5.8 million.

The company achieved a 32% increase in sales to S$88.9 million. Its three business units, Sofa, Leather and Cut and Sew registered growth rates of 27.9%, 29.7% and 78.5% respectively.

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