Country Road has recorded a rise in sales and profit, but its short-term future has yet to be determined.
Sales rose eight per cent to $849.6 million with pre-tax profit more than doubling in the 2013/14 financial year.
Country Road’s pre-tax profit rose by between 55.7 per cent and 70.1 per cent to $87-$95 million for the year to June 28.
The results are part of an unaudited trading update, ahead of full year results due in early August.
CEO Ian Nairn said the retailer had defied current trading conditions.
“We are pleased to have delivered continued strong growth in sales and profit for the full financial year despite some challenging market headwinds from increased competition, unseasonably warm weather and contractionary fiscal policy in the second half of the financial year."
However, the company's future ownership model still remains uncertain.
South African majority shareholder Woolworths has offered to purchase the remaining 11.9 per cent stake in Country Road for $209 million.
Solomon Lew, owner of the minority stake, has not yet responded to the offer.