LONDON–Marks & Spencer Plc said Tuesday its full-year net profit rose 3.6 percent to 526.3 million pounds, or $838.4 million from 508 million pounds, or $877.3 million the same period last year. 

All dollar figures have been calculated at average exchange rates for the period to which they refer.

Total revenue for the fiscal year ended April 3, rose 5.2 percent to 9.54 billion, or $15.2 billion.

“M&S has had a good year,” said Sir Stuart Rose, chairman of M&S, in the statement. “We have improved performance in all core areas, demonstrating the resilience of the M&S brand.”

Rose added that the company had had a “satisfactory start,” to the first quarter. “Consumers are naturally concerned about any impact of the [new coalition government’s] budget on June 22. We remain cautious about the outlook for the year ahead.”

The company noted that the 2010 fiscal year had been a 53-week reporting period. For the 52 weeks of the 2010 fiscal year, to March 27, revenue rose 3.2 percent to 9.3 billion pounds, or $14.83 billion.

General merchandise sales, including that of clothing, rose 4 percent in the 52-week period. M&S said it had increased its share of the U.K. clothing market to 11 percent.

Food sales, meanwhile, grew 1.8 percent in the 52-week period, registering the company’s first rise in same-store sales since 2007. International sales advanced 5.7 percent during the 52-week period.

Marc Bolland, M&S’s new chief executive, joined the company earlier this month and Rose is helping the board to find a new chairman. Rose is set to step down from his role later this year.

For complete coverage see Wednesday’s WWD.

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