Fast jewellery chain Lovisa has posted double digital net profit gtowth for the year, rising 23.8% to $36 million.
Revenue for the fiscal 2018 also boomed 21.4% to reach $217 million.
The retailer, which is not planning to launch an eCommerce site until fiscal 2019, credits growth to international expansion and good ranging.
Lovisa's store network increased to 326 stores at the end of the financial year, a net increase of 38 locations from June 2017.
It opened its first stores in the US and France, with the accelration of its UK store rollout driving European growth with an increase of 13 stores for the year.
Lovisa also opened five stores in Spain and two in frace.
The acquisition of the Klines store network in May 2017 also drove growth in South Africa.
Lovisa MD Shane Fallscheer said he was pleased with the results.
“We have been able to continue the momentum from the very strong start to the year through the second half in the face of some great ranges from prior year and four years of strong comps to deliver another excellent result.
“It’s pleasing that we were able to continue to invest into the structures to support our global expansion and at the same time continue to deliver strong results from existing markets."
Fallscheer said the business will continue to invest in its international business, with the search for a global chief operating officer under way.
While the first seven weeks of fiscal 2019 has seen sales slow, Lovisa plans to enter the holiday period with a seven stores each in the US, France and Spain.
Industry powerbroker and co-found Brett Blundy will also step into the role of chairman on November 1.