The wet summer failed to dampen growth at discount clothing retailer Primark, which registered revenue growth of 37% in the year ended 15 September.

George Weston, chief executive of Primark parent Associated British Foods (ABF), said autumn trading had started well after the retailer's figures were hit by price discounting during the UK's wet summer.

Primark saw annual revenues rise 37% to GBP1,602m (US$3,345m), with operating profit up 20% to GBP200m.

That helped ABF to post a group revenue increase of 13% to GBP6.8bn, while adjusted operating profit was up 11% to GBP622m.

"This year's strong growth in revenue and operating profit reflects the recent major investment made by the group in capital expenditure and acquisitions," said Weston.

"Primark is now the second largest clothing retailer in the UK by volume. I am very encouraged that the considerable progress made places us well for growth in the future."

Primark is the UK's second biggest clothing retailer behind Marks & Spencer, and is poised to overtake Asda as the leader in the UK value clothing segment.

The company currently has two stores in Spain, but is set to add five more in the next year after trading there exceeded expectations. However, it promised its expansion in the UK would be "less frenetic" in 2008.