Activewear maker Quiksilver has reported a 43 per cent leap in fourth quarter profit, helped by its acquisition of DC Shoes and a jump in global sales. 

Fourth-quarter net income was $24.9m, up from $17.4m in 2003.

Sales in the three-month period increased 30 per cent to $350.3 million from $269.2m last time.

Fourth-quarter fully diluted earnings per share totalled $0.41 compared to $0.30 for the fourth quarter of fiscal 2003.

Full-year consolidating revenue for the full fiscal increased 30 per cent to $1.27bn from $975m in 2003.

Net income for the full year of 2004 was up 39 per cent to $81.4m, versus $58.5 in fiscal 2003. Diluted earnings per share for the full year increased 32 per cent to $1.36 against $1.03 for the full year of fiscal 2003.