Fashion retailer Just Group has reported an 11.7% rise in full year profit to AUD$63.9m (US$53.4m), with its Just Jeans and Jay Jays brands performing well together with women's wear.

Its retail footprint expanded by 35 stores during the period, to 810.

The company, which operates over 800 shops in Australia and New Zealand, reported 3.5% growth in group same-store sales for the full year and a rise of 5.7% in the second half.

Growth was reported in New Zealand despite what the company described as tough economic conditions. Its joint-venture in South Africa is progressing well, the company said, with 14 Jay Jays stores at year end.

Just Group reported a net gain of $2.5m, after advisory costs and tax, upon the disposal of its strategic investment in Colorado Limited during the year.

Jason Murray, managing director of Just Group, said: "The outlook for 2007/08 is positive in Australia despite the recent interest rate rise, the increased volatility of the Australian dollar and the upcoming federal election."