Pre-tax profit for the year to March 31 was£4.9 million, the same as last year. Turnover was£38.4 million, up 22 per cent on last year.
The clothing group said its acquisition of Moda America, the US licensee of Emanuel Ungaro, had been immediately earnings-enhancing. The deal, completed in March this year, has strengthened the company's relationship with the Emanuel Ungaro brand.
The company said its forward order book for this year's autumn/winter season was strong at£40 million, compared with£14.9 million last year.
Chairman Christopher Phillips said: 'We will continue to focus on acquisitions, entering into new licensing agreements and extending existing ones.'
Executive deputy chairman Michael Morris said the company was in negotiations to buy two well-known international brands, one under a licensing agreement and another under a purchasing agreement.
Over the next year, the group will concentrate on the Ungaro Homme label launch this autumn and developing the Jean-Charles de Castelbajac brand in the US, the UK and new market the United Arab Emirates.
The fashion group said it was still looking for a location for its flagship store in England. It has narrowed the search to Westbourne Park, Notting Hill Gate and Covent Garden.