Net profit rose to $19.4 million for the 12 months to July 25 compared with $16.7 million in the prior corresponding period, Sydney-based Oroton said.
Revenue rose 10.6 per cent to $135.6 million during the year as Oroton opened 13 new stores and closed two for landlord redevelopments, taking the total to 70 from 59 the year before.
The company said it had opened two further stores since the end of the fiscal year and was planning another two openings during the first-half.
Oroton will pay a final dividend of 22 cents per share, as well as a special dividend of three cents, taking the full-year distribution to 41 cents, compared with 35 cents the year before.
"Despite the challenging economic environment in fiscal 2009, OrotonGroup has continued to perform well, reflecting on the quality of our brands and the consistent execution of our strategy," chief executive Sally Macdonald said.
"Whilst we remain vigilant to the macro economic volatility, we believe there are considerable growth opportunities in Oroton to expand our domestic store base, product categories and enter new geographies."
Oroton, which sells leather goods, jewellery and accessories under its own brand, as well as the Polo Ralph Lauren brand under licence, generated operating cash flow of $23.4 million.
The company had $2.6 million of bank debt at the end of the year.
The company reduced expenses to 48 per cent of sales from 51.8 per cent as the result of a cost cutting program.
Like-for-like sales growth for the company was 8 per cent, with the Oroton brand surging 17 per cent.
The Polo brand, for which Oroton expects to enter a definitive licensing agreement during the fourth quarter of calendar 2009, had like-for-like sales decline 1 per cent.
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