Australian supermarket and department store operator Coles Myer has released strong fourth quarter sales results.

Turnover for the 13 weeks to 25 July increased 28.1% to A$8.6bn (£3.35bn), pushing annual sales up 19.4% to $32.3bn (£12.6bn).

As a result, the company has raised its net profit forecast to $565m from its earlier forecast of $530-540m.