Endeavour Group (ASX:EGP) announced an annual profit of A$529 million, showing an increase from last year’s A$495 million.

The company’s sales also saw an upward trend, growing 2.5% to total A$11.9 billion for the year.

In further news, the firm declared it’s set to payout a fully franked final dividend of 7.5 AU cents per ordinary share.

The trading activities have demonstrated resilience in the first six weeks of the new financial year.

Going forward, Endeavour Group is aiming to achieve additional savings of A$200 million over the next three years.

The early stages of their hotel optimization program are also underway, with anticipations to deliver operational efficiencies through the financial year of 2024.

Endeavour Group is a company focused on the retail of alcoholic beverages.