Burberry profits up 14%
Burberry Plc said on Wednesday that its profits had risen 14 per cent to £206.2 million in the full year to 31 March 2008. The fashion retailer also said that total revenue had risen 18 per cent to £995 million.
Burberry said that it had achieved consistent double-digit growth in all of its regions, with sales in Europe and the Americas up 26 per cent, and sales growth in Asia Pacific of 17 per cent.
The company said its full year dividend was up 14 per cent to 12 pence per share.
Angele Ahrendts, chief executive officer of Burberry, said, Burberry's 18% revenue growth and 14% profit increase demonstrate the robustness of our global luxury business in these challenging times, with consistent performance across our regions, channels and products. Brand momentum remains strong and we are investing in the future, continuing to grow and innovate our iconic outerwear, while developing exciting new businesses such as shoes, jewellery and childrenswear.
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