US-based denim giant Levi Strauss & Co. yesterday posted a net profit of USD5.6 million for the second quarter ending May 30. Strong sales in Asia helped the total figure climb to USD958.8m, with the Signature line showing the highest profits.

The company said sales of Docker and Levi's fell as wholesale prices for both brands declined and it reduced shipments to warehouse and other off-price retail channels this year. Levi Strauss is privately held but reports financial results because of its outstanding bonds. The company said it pared its outstanding debt, less cash, to USD1.96 billion from USD2.11 billion at the end of fiscal 2003.

The company has stated it is exploring selling its less profitable line, Docker.