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Burberry profit went up 6%

Staff writer |
Burberry posted strong growth in the first half, with adjusted profit up 6% underlying to 152m pounds and double-digit underlying revenue growth in all regions, despite a more difficult external environment.

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These results have been driven by the focused execution of Burberry's strategies to drive brand momentum, product excellence and enhanced customer experiences, both on and offline.

Adjusting items are a charge of 7.5m pounds in reported operating expenses being the amortisation of the fragrance and beauty licence intangible asset (2013: 7.5m); and a put option liability finance charge of 3m pounds in the reported net finance charge relating to the third party 15% economic interest in the Chinese business (2013: charge of 7.4m)

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