UK fashion label French Connection has released the preliminary results for the year ended Jan. 31, 2011. While revenue was up by 2% to €231.7 million, profit before tax was €8.25 million compared to €0,79 million in 2010. According to the company’s business report, the growth has been generated through an improvement in the levels of full price sales in the wholesale divisions, increased Group gross margin, growth in licensing income and improving contributions from joint venture operations in Asia.

Stephen Marks, Chairman and Chief Executive of French Connection, commented on the results: “I am delighted with the significantly improved performance for our latest financial year. We have achieved a considerably higher profit from the core continuing operations, notwithstanding a period of major change for the Group and challenging market conditions.

The French Connection Group comprises retail and wholesale businesses in the UK/Europe, the US, Canada, Hong Kong and China along with licensed partners operating in a number of other countries, most notably Australia, India, Singapore, Vietnam and South Africa. In addition, the group operates brand licences under which partners produce fragrances, jewelry, accessories, shoes and eyewear.