Curtain manufacturer and retailer Kresta Holdings Ltd has reported Wednesday of an expectedly higher full year 2010 result following a five percent surge of up to $29.5 million on its third quarter sales for this fiscal year alone.

Kresta attributed its growing sales to a strong and steady brand loyalty, the introduction of new line of products and the recent expansion programs it started which saw the company acquiring Victoria-based Ace of Shades for $1 million plus stock options and physical assets.

Also, the retailer has accelerated its growth programs with the establishment of the new Curtain Wonderland stores over the next few months, as the company share prices rose as high as 38.5 cents at 1240 AEST on Wednesday.

Last August 2009, Kresta reported a net profit of $3.66 million, which is a decline of 14.8 percent from its 2008 showing and with the latest improved figures, Kresta Holdings director Tass Zorbas told AAP that the results are very encouraging.

He said that the company is "very pleased with the third quarter results compared to other retailers who are reporting a downgrade in their sales," adding that Kresta's performance has been further boosted by "the curtain retailer's role as a functional rather than discretionary product."

Mr Zorbas also lauded the federal government's stimulus packages which contributed to Kresta's improved sales performance as he stressed that the company did manage to make the most out of the offered suites for continued growth in spite of their eventual withdrawal.

Apart from maintaining curtain outlets, Kresta is also a manufacturer and retailer of window treatments and blinds and currently maintains stores in New Zealand and Australia which collectively employ more than 1100 personnel.