David Jones profit up 9% to $171m

David Jones profit up 9% to $171m

Retailer David Jones (ASX:DJS) has reported a 9.1% increase in profit to $170.7 million for FY10.

The company's recorded profit was its highest since its 1995 listing, David Jones said.

Revenue grew 3.4% to $2.05 billion, EBIT grew 10.4% to $249.2 million, and margins also improved.

CEO Paul Zahra said the company was “well on track” to achieving its goal of 5% to 10% profit growth for both FY11 and FY12.

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Tags financial resultsDavid JonesPaul ZahraASX:DJS

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