Japanese supermarket operator Valor has posted an increase in full-year profits.

For the three months to the end of March, net profit soared 69% to reach JPY7.15bn (US$89m).

Operating profit amounted to JPY15.24bn, a 23.4% increase on the prior-year period. Sales climbed 8.3% to JPY410.58bn.

The company has forecast a fiscal 2013 net profit of JPY7.55bn, an operating profit of JPY16.4bn and sales to reach JPY447.1bn.

Click here to view the full earnings release.