POST Online Media Lite Edition



 

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.

Article continues below






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)


What to read next

Burberry full-year pretax profit 7 percent better
Burberry half-year profits slump while it revamps business
Burberry H1 profit increased 14% to $181.8 million