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Retailer RCG delivers sharp profit rise

AAP logoAAP 24/08/2016 Lilly Vitorovich

The retailer behind The Athlete's Foot and Dr Martens has seen its annual net profit more than double to $29.9 million, thanks its $200 million acquisition of footwear chain Accent Group.

Its annual underlying earnings - a key figure tracked by retail analysts - has also more than doubled to $60.4 million, from $21.8 million a year earlier.

Underlying earnings for the year to June 30, 2017, is forecast to rise sharply to $90 million.

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