Revenues at Bonmarche - one of the UK's largest women's value retailers - rose to £190.1m in the 53 weeks to 1 April from £188.0m last time.
Store like-for-like sales fell by 4.3% but online sales were up 2.2%.
Group pre--tax profits fell to £5.8m - down from £9.6m last time.
The board has recommended a final dividend 4.64p, which would take the total for year to 7.14 pence - unchanged from last time.4
Chief executive Helen Connolly said: "Since joining the business almost a year ago, I have been struck by the passion and drive of colleagues throughout the business and I am confident that with our current focus on modernising and improving the offering for our customers, we remain well placed to serve the 50 plus women's value clothing market.
"A combination of internal and external factors over the past year prevented us from improving at the rate we had aimed for. However, we believe that the business is now well positioned, with a compelling proposition and robust plan.
"As outlined previously, it is clear that the direction of travel is broadly right, albeit the effectiveness of execution needs to improve.
"Our update today provides further detail on the areas where we see the greatest opportunities and how we are already beginning to address these.
"I would like to thank all my colleagues for their continued dedication to Bonmarche, and I look forward to updating on our progress over the coming year as we drive forward our strategy to successfully grow profitable sales by gaining market share."