Blooms of Bressingham swung into profit in the year to January 30 despite a drop in sales.
Pretax profit was £670,000, up from a loss of £569,000 a year earlier on turnover of £15.99 million, down from £18.8 million.
The company said that, although like-for-like sales in the first 14 weeks of the current year were 1.8 per cent down on 2004, in part due to a late start to the season after the wet and cold April, both of the group's new centres continued to trade significantly ahead of estimates.
It said it was experiencing good overall sales growth, in excess of 28 per cent for the last six weeks.
Blooms is now focused exclusively on prime edgeof-town and large-scale centres.
It said it was poised to begin a period of rapid growth as its very large and well-sited new centres begin to contribute to sales and profits.
The first two of these, the 55,000 sq ft Gloucester Centre and the 46,000 sq ft centre at Rugby have opened for the spring gardening season, adding 61 per cent to overall heated covered selling space as well as new plant areas.
The group is also now well advanced in its plans for the re-development of a centre at Bicester.
The group said it planned to have it open late next year.
Meanwhile, Herefordbased Wyevale Garden Centres said current trading conditions continued to be strong, and that it was making good progress on its previously announced strategic review to be conducted by independent consultants Eden McCallum.
Consultants Strutt & Parker are progressing well on a property review.