UK designer Paul Smith reported a sales rise of 12% to £196m in the year to June 30 while profits leapt 36% to £34m during the year.

Like-for-like sales through the company’s wholly owned stores rose 8% during the period and the group said it would continue its international expansion.

The retailer intends to continue its international expansion and new stores are planned for Amsterdam and Melbourne.

There is also a plan in place to extend the retailer’s store on London’s Albermarle Street.

The company, which is majority owned by the eponymous designer, paid a dividend on £309,000 down from £3.5m in the previous year.