Pacific Brands has returned to profitability for the first time since its downward spiral in fiscal 2010.
The company posted a $73.8 million net profit in the year to June 30, a sharp turnaround from the $450.7 million loss in fiscal 2012.
The underwear division saw earnings rise to $78.1 million, compared with a loss of $330.3 million over the previous year.
Undergarment sales revenue also rose by five per cent to $453.9 million.
Bonds' performance in wholesale, in-store and online sales drove this growth as it accelerated in the second half of the financial year.
While private label brands in supermarkets saw demand fall for Razzamatazz pantyhose, demand for intimate apparel label Berlei increased.
The workwear division, which includes Hard Yakka and KingGee, saw earnings rise to $37.4 million, from a loss of $16.9 million.
However, sales still fell by 6.7 per cent.
Pacific Brands' overall sales revenue also fell by 3.7 per cent to $1.27 billion.
Pacific Brands chief John Pollaers said the company is optimistic in the long-term, but cautious of current trading conditions.
"We are currently in an investment phase where we are looking to
stabilise earnings whilst investing with a view to returning the
business to sustainable sales and earnings growth over time.
"It is still early days and there is still work to do."