German fashion retailer Gerry Weber International AG on Wednesday said its consolidated net profit for the fiscal 2003/04 increased to €12.7 million, from €9.0m in the previous year.

For the 12 months ended 31 October 2004, operating profit rose to €27.9m from €24.8m.

Consolidated sales increased to €352.2m from €350.1m. The company's three main brands - Gerry Weber, Taifun and Samoon - posted a combined sales growth of €17m, offsetting the withdrawal of its Yomanis and Court One brands.

The retailer said it expects to increase sales by 10 per cent to €390 million for fiscal 2004/05.