Hard discounter Netto boosted sales and profits last year, according to accounts filed at Companies House.
The retailer, which has 130 UK stores, increased turnover to£509 million for the year ending August 31, last year - up from£490.8 million. Pre-tax profit climbed to£9.9 million from£8 million in 2001.
Danish-owned Netto plans to open approximately 15 shops this year and has expressed an interest in picking up Safeway stores that may be off-loaded in the event of the latter's takeover.
Netto is the smallest of the foreign-owned hard discounters operating in the UK, behind Lidl and Aldi.
Netto managing director Thomas Jellum said: 'The growth is not the best because our figures in 2001 were quite weak. We are up again. It's not particularly satisfying, but it's acceptable.'