Shoe firm Brantano has posted a threefold increase in full-year 2006 net profit to EUR29.5m (US$38.70).

As well as the profit rise from EUR7.1m last year, the company saw turnover decline 2.9% to EUR295.2m.

Earnings were influenced by EUR29.1m worth of operating revenues reaped from the sale of real estate and store management.

For 2007, Brantano expects turnover to be between EUR300m and EUR310m.