Shares in Mulberry were up on the FTSE AIM in morning trading after the luxury fashion company more than quadrupled its profits in the full year ended 31 March.
Group revenue in the period rose 69 per cent to £121.6 million, while pre-tax profit jumped 358 per cent to £23.3 million.
The group's retail sales rose 44 per cent to £73.5 million while wholesale shipments to third parties increased 130 per cent to £48.1 million. Online sales rose 64 per cent to £9.2 million, while international revenue jumped 145 per cent to £40.5 million.
Mulberry said it was proposing an 82 per cent hike in its dividend to 4.0 pence per share.
During the year the group opened nine new stores, most of which were in east Asia and the Middle East.
Since the end of the year long period retail sales rose 38 per cent.
Godfrey Davis, Chief Executive and Chairman of Mulberry, said, "Mulberry has increased sales by 69% year on year and delivered a step change in profitability. Strong demand in all markets has continued into the new financial year and the outlook for the Mulberry brand is positive. While we remain cautious about the global economic environment, we are focused on accelerating our international expansion."
By 10:30 shares in Mulberry were up 8.61 per cent to 1,450 pence per share.