Premier Investments Limited delivered net profit after tax of $88.8 million, up 13% for the half ended January 26, 2019.
Record interim ordinary dividend was declared of 33 cps fully franked, up 13.8% or 4 cps on 1H18.
Premier Retail recorded earnings before interest and tax (EBIT) of $113.9 million, up 11.1% on underlying 1H181.
Its balance sheet includes an equity accounted value of $238.9 million for its holdings in Breville Group Limited.
The current market value of the investment is $602.6 million based on a share price of $16.51 on March 20, 2019.
Premier chairman Soloman Lew said that despite many retailers struggling, its performance remained strong.
"Premier Investments has delivered another very strong result during a half that has seen many retailers struggle with challenging trading conditions.
"Premier Retail's first half sales increased by 8.0% to a record $680.2 million, with record EBIT of $113.9 million, up 11.1% on 1H18 underlying EBIT.
"Premier's outstanding performance for the period was driven by strong growth in all our apparel brands, record sales across our online divisions, record Smiggle global sales and record Peter Alexander sales."
Online sales of $75.7 million were up 35.2% on 1H18 and contributed 12.9% of respective market sales in 1H19.
Smiggle’s reported record global sales for 1H19 of $178.8 million.
Peter Alexander reported record sales of $130.4 million, up 14.1% on 1H18 with the 2020 growth plan tracking well ahead of expectations.
Premier Retail CEO Mark McInnes said the group's online sales continue to exceed expectations.
"Premier Retail's record first half results is a testament to the board and management's understanding of today's dynamic retail environment.
"Online continues to exceed our high expectations, Peter Alexander remains well ahead of its 2020 growth plan.
"Smiggle's accelerated global growth strategy is progressing well with partnerships announced today with leading iconic retailers providing significant new exposure of the brand to a combined population of over 775 million in 10 additional countries.
"Our apparel brands for the half delivered exceptionally strong results with sales growth of 7.5%.
"Our like-for-like growth was even stronger than our total sales growth as we continued to close profitable stores due unrealistic landlord rents.
"The group closed a further 16 stores over past 12 months and has closed 101 stores over the last six years."