Outdoor sports lifestyle company Quiksilver, Inc. has reported significant improvements in its operating results for the fourth quarter and full year ended October 31, 2005.

Consolidated net revenues for the fourth quarter increased 82% to $637.4 million from $350.3 million in the fourth quarter of fiscal 2004. Consolidated net income increased 35% to $33.6 million from $24.9 million the year before.

Consolidated net revenues for the full year increased 41% to $1.78 billion from $1.27 billion in fiscal 2004 and net income increased 32% to $107.1 million from $81.4 million in fiscal 2004.

Net revenues from the company's newly acquired Rossignol and Cleveland Golf businesses totalled $214.5 million during the fourth quarter of fiscal 2005 since the effective date of the acquisition on July 31, 2005.

Robert McKnight, Jr., chairman of the board and CEO, commented, "We are pleased to have completed another landmark year in our company's development with record-breaking sales and earnings, and more importantly, tremendous strategic advances. We are confident that our acquisition of Rossignol is transforming Quiksilver from a dominant player in the global action sports market into the world's leading outdoor sports lifestyle company. Our long-term growth prospects, across a number of new brands and product categories, are incredibly compelling, and we remain committed to fully capitalising on the many opportunities that lie ahead."

Quiksilver designs, produces and distributes a diverse mix of branded apparel, wintersports and golf equipment, footwear, accessories and related products.