BBC News – Burberry posts ‘record profits and revenue’

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Burberry, the UK luxury fashion brand, has announced a jump in annual profits and revenue.

Adjusted pre-tax profit for the year to the end of March was £461m, up 8% on the £428m the company posted a year ago. Revenue rose by 17% to £2.33bn.

Both figures represented records for annual results, the firm said.

The company, which already has a strong presence in China, said it would be focusing on the Japanese market, particularly in Tokyo and Osaka.

Chief executive Christopher Bailey said the financial figures reflected “sustained strategic focus, continued investment, disciplined execution and outstanding brand momentum during the year”.

21 May 2014 | 7:17 am – Source: bbc.co.uk
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