Footwear company Geox has recorded a net profit increase of 71 per cent to €52.6 million for 2004.

Turnover for the year rose 34 per cent to €340.1m, with 55 per cent of turnover being generated in the domestic Italian market, and 60 per cent elsewhere.

The company's net financial debt totalled €40.4m at the end of 2004.