The Briscoe Group is expecting to report a record full year profit of at least $46.5 million, which is up from the $39.3 million reported in 2015.

Rod Duke, the company’s managing director, said they expected the record profit after growth in sales and margin throughout the year was maintained.

“We are delighted with the Group’s overall performance for the final quarter of the year. The strong growth in sales and margin achieved throughout the year continued into this quarter and even after adjusting for the additional week’s trading, this quarter’s sales growth result was the strongest achieved by the Group this year,” Duke said.

Unaudited sales for the company’s fourth quarter were $193.1 million, up 15 per cent from the fourth quarter in 2015, although that quarter covered 13 weeks. The longer quarter is necessary once every five to six years to realign financial and calendar year-ends.

Duke said the company has also seen growth in its online sales. “For the full year ended 31 January 2016, online sales finished more than 40 per cent up on the previous year and we continue to expect strong growth to continue.”

The company will report the final full year audited result on March 15.