Australia-based consumer goods company Pacific Brands Limited has reported that, for its half year ended December 31, net sales increased by 4.1% over the previous corresponding period to reach $868.6 million, while earnings before interest and tax increased by 6.2% to $93.5 million. Net profit of $53.8 million represented a 6.1% increase over the previous period.

The company has also entered into an agreement to acquire Australian workwear brand Yakka, which should also increase future revenues as the company has annual sales around $300 million.

The company completed the acquisition of the Streetwear division of Globe International on January 2, which will be integrated into the Outerwear & Sport group. Former CEO of the streetwear business, Michael Sonand, has now been appointed as group general manager, Outerwear & Sport.

The Underwear & Hosiery group finished the first half in a stronger position than in the previous corresponding period with improvements across the core categories—women’s and men’s underwear, intimates and socks. The women’s underwear category performed well, with the most success in its “no lines” and seamfree underwear.

The Outerwear and Sport group had a difficult half with its two core areas reporting varied results. Sporting Equipment Bicycles and Sporting Equipment produced disappointing results with sales falling short of expectations. However, King Gee performed solidly with s sales supported by the “Jack of All Trades” promotion and the ongoing development of new fabrics and products. Everlast had a strong six months, consolidating its position in the youth sporting and casual market, supported by strong sales in branded footwear.

Footwear had another strong half with sales in the Dunlop Volley range rising.