French fashion firm Naf Naf has posted a 64 per cent surge in annual net profit to 11.6 million euros compared to the year-ago period as it reaped the rewards of strong sales and higher margins.

The company, which operates around 160 stores and recently relaunched casualwear brand Chevignon, also enjoyed a 55 per cent climb in operating profit to 19.3 million euros and a 7.4 per jump in turnover to 240 million euros.