For the year ending 31 March, the retailer's profits increased by 13% with revenue up 9.6% to £22.5bn, an increase of £2bn on the previous year.
In the group's UK health and beauty division like-for-like sales were up 3% over the period, which saw the completion of its ‘your local Boots pharmacy' roll-out and the completion of the Boots Opticians merger with Dolland & Aitchison.
Earlier this month Alliance Boots, which covers the health & beauty division as well as the pharmaceutical wholesale division, associates and joint ventures, by the strength of their corporate reputation.
The Reputation Institute's UK Pulse Report ranks the survey that measures corporate reputation among the general public.
In March, in a selection of stores across the country.
The move enables Boots customers to buy groceries, including products from the Essential Waitrose range, and ‘special treats' from a range of 1,500 products supplied by the supermarket.
The deal is part of Boots' strategy of establishing partnerships with other retailers. The previous month it agreed a deal with Mothercare which will see the children's retailer rolling out a clothing and accessories brand into Boots stores in the UK in the autumn.
Tesco and Marks & Spencer are the only other UK retailers to have achieved annual profits over £1bn.
The Boots group was bought by private equity firm KKR and executive chairman Stefano Pessina for £11bn in 2007.
Stefano Pessina, executive chairman at Boots, said: "Our strong financial position will enable us to continue to grow both organically and through acquisitions. We are increasingly establishing strategic partnerships with other leading businesses to accelerate our development, both in the UK and other markets."
Andy Hornby, group chief executive at Boots, added: "Although we are planning for consumer demand across Europe to remain subdued, we are confident about our prospects for the year ahead."
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