The home entertainment and electronics retailer is expecting to launch private label goods under its home brand in the lead-up to Christmas, forming a key plank of its next phase of growth, which will also tie-in an aggressive store roll out program, more advertising and a greater penetration by its online channel into group sales.

The strategies, plus a bounce in retail conditions since the federal budget, would help Dick Smith hit as much as 2 per cent same-store sales growth for the first half of 2015 with costs to be kept in check to help also lift profitability, managing director Nick Abboud said.

Dick Smith had witnessed a good start to the new financial year, Mr Abboud added, with like for like sales up 1.8 per cent and total sales growth in the low double-digit range.

On Monday, Dick Smith reported its maiden full-year profit as a listed company, which came in as a net profit after tax of $42.1 million for the  year to June 2014 – 5.3 per cent ahead of its prospectus forecast.

The result coincided with a statement by its major private equity investor Anchorage Capital, which signalled it was looking for a buyer for its 20 per cent stake. Anchorage bought the struggling Dick Smith from Woolworths for just under $100 million in 2012 and floated it in December in a $520 million float.

The private equity group said it had no intention of selling at current prices but Mr Abboud confirmed the stake would eventually be sold with the private equity firm not a long-term holder of the stock. The stake is currently worth about $103 million.

"They have put their intention out there and, if you look at their business model, they [Anchorage] are not into holding shares for the long term," Mr Abboud said.

Mr Abboud and his management team still own 13 per cent of Dick Smith. He said Dick Smith, pushed by 20 new store openings and receptive shoppers, would be the fastest-growing retailer in the discretionary space.

For fiscal 2014, Dick Smith beat prospectus forecasts by 0.1 per cent and was up 4.2 per cent to $1.227 billion.

Mr Abboud said strong sales growth momentum recorded through 2014 had spilled into 2015, promising a strong first half. He said Dick Smith would open a new store every two weeks between now and Christmas, expanding its current network of 377 stores as well as opening a new outlet in David Jones as part of its partnership with the department store.

"The strength and quality of the result is testimony to the successful and significant transformation the Dick Smith business has undertaken during the past 18 months," Mr Abboud said.

The company declared a dividend of 8¢ per share for the seven months to June 2014, representing a payout ratio of 66 per cent.