Discount apparel retailer Peacock Group has registered a 56 per cent year-on-year jump in pre-tax profit to £36 million for fiscal 2003.

The company, whose 53-week fiscal year ended on March 31, also posted sales of £490.4m for the 12-month period.

Peacock said it was confident of good growth in the year ahead and has agreed to buy perfume retailer The Fragrance Shop for a maximum of £15m in cash and shares.