Leading corporate identity uniform provider, Cintas Corp, on Friday posted a five per cent climb in full-year net profit to $234.3 million compared to $222.5m in the year-ago period and record revenue of $2.16 billion.

The Ohio-based company, which provides uniforms to a wide variety of industries across the US, said after-tax margins were a solid 10.3 per cent of revenue and earnings per diluted share of $1.36 increased five per cent from last year's $1.30 per diluted share.

It added that its fourth quarter revenue climbed seven per cent to a record $604, while net income for the quarter also climbed seven per cent to $64.1m.

Cintas chairman and founder, Richard Farmer, commented: "We are proud to report another record year and our 33rd consecutive year of uninterrupted growth in sales and profits. In addition to achieving our 33rd consecutive year of increased sales and profits, we acquired Omni Services, Inc, one of the leading companies in the uniform rental business.

"The acquisition, which occurred in mid-May, was a cash-for-stock transaction. In order to fund the acquisition, we issued long-term debt in the public markets for the first time. We are proud of our solid, investment grade rating of A2/A by Moody's and Standard & Poor's which recognises the financial stability of our Company and the strong track record we have produced."

Cintas said it expects revenue for fiscal 2003 in the range of $2.8bn-$2.9bn, with full year diluted earnings per share in the range of $1.55 to $1.62, with higher growth rates in the second half.