Investment company Hellaby Holdings reports a 49% jump in profit for the year to 30 June 2011 of $15.3 million.
The company's sales rose a modest 3% to $469 million but a lower interest bill helped boost earnings overall.
Chief executive John Williamson says the biggest improvements have been in the company's footwear and industrial equipment divisions, which have both been struggling over the last few years.
He says their improved performance signals the completion of Hellaby Holdings' operational turnaround.
