Style Holdings, the menswear retailer which runs three stores in Ireland, has announced a drop in half-year pre-tax profits to £0.4 million from £0.6 million a year earlier despite a 23 per cent increase in turnover. The company, which runs the Envy stores in South Ann Street, Henry Street and in the Liffey Valley Shopping Centre, said store sales grew by 30 per cent in the period to £6.5 million sterling.