Clipper has posted its latest financial results, which revealed the firm enjoyed a 25% increase in operating profits in the year to April 30th. 

Earnings before interest and taxes for e-fulfilment and returns management were up 48% at £5.5 million, with sales rising by 32% to £60.6 million. 

In a statement, the company said it is very pleased with its performance in terms of e-commerce, as its strategy was to become a market leader in this area. 

Contract successes - including those with Asos and Go Outdoors - were highlighted as being particularly welcome, as was the securing of a five year extension to its deal with the Tesco online clothing operation. 

Executive chairman Steve Parkin said: "Our unrivalled understanding of the e-fulfilment and returns market, coupled with our clients' continually evolving needs in these areas, will ensure that we retain and expand our market share."