New Zealand's Warehouse Group Limited on Friday reportedly a jump of more than 60 per cent in its annual profit, thanks to a combination of higher sales and margins from businesses it acquired over the past one year.

The biggest listed retailer of New Zealand announced that it generated a net profit (after tax) of NZ$144.7 million (nearly US$117.6M) in the twelve months ended July 28th.

In the previous twelve month, the retailer had pocketed a net profit of NZ$89.8 million.

Taking acquisitions and one-off items into account, the group's adjusted net profit stood jumped to NZ$73.1 million, from NZ$65.2 million in the corresponding previous period.

The adjusted net profit was only slightly better than the lower limit of economists' forecast of NZ$73 million to NZ$76 million.

The company announced a dividend of 5.5 cents per share, as against last year's dividend of 6.5 cents a share.

The Warehouse Group operates more than 220 stores, selling a great number of articles ranging from grocery to clothing and garden items to office supplies.