Specialty Fashion Group expects underyling earnings to grow by 11% for the half year ending December 31, 2016.
The figure is expected to be $30 million, subject to a final auditor review.
This is compared to $27 million in the previous corresponding period.
The result comes as it fields a $135 million takeover bid from Qatar based investment company Al Alfia Holdings WLL.
"The increase...was achieved despite difficult trading conditions experienced across the specialty retail sector in Australia during the half year to 31 December 2016," it said in a statement to shareholders.
The statement attributed this result to strong progress across the Group's three growth priorities:
1. The rejuvenation of existing brands across the Group.
2. The transformation of Rivers into a profitable brand for the Group.
3. The expansion into new markets beyond Australia for City Chic.
The Group is due to release its results for the half year by the end of February 2017.