Apparel retailer Bossini International Holdings Ltd has posted net profit of HK$118 million for fiscal 2004, up from a net loss of HK$74m in the previous year.

The Hong Kong-based company also reported a rise in revenue to HK$1.78 billion for the 12-month period, up from HK$1.69bn in fiscal 2003.

Bossini said both results were record highs and were attributable to improved margins.