Cache Inc, a specialty chain of women's apparel stores, yesterday said its second quarter net income increased to $3.0 million from $629,000 in the same period last year. Net sales for the period increased to $51.3 million from $45.6 million for the same period last year. Same store sales were up 8 per cent for the period.

For the first-half to 29 June 2002, net income increased to $4.8 million from $1.8 million last year.

Net sales for the period grew to $98.9 million from $89.8 million and same store sales increased 7 per cent.

The company said last year's results contained a favourable litigation settlement, which had the effect of increasing net income by approximately $1.0 million, or $0.10 per diluted share.