Homewares and fashion retail reports sales of £1,119.6m, with own brands performing well.
Matalan saw an 8% increase in revenue in the 52 weeks ended February 27, 2010, while operating profit before exceptionals was up 30% to £132.9m.

The retailer was also pleased to announce gross margin growth of 1.4% points to 49.2%, with its 'good, better and best' strategy driving sales growth and its own brands performing "particularly well".

Matalan has also invested £12m in further expanding its existing store network, opening three new retail outlets in Northern Scotland, Manchester and Greater London.

Commenting on the results, Matalan ceo Alistair McGeorgee said: "This has been an exciting year for us delivering very strong sales growth in what remains a challenging market. We have benefited from our investment over the last three years in our product, our stores and our people. We remain convinced of the continuing relevance of Matalan's offer to UK consumers and have re-commenced our store opening programme and increased our investment in our online business to reach out to new customers."