Latest News:  
Beijing   Light to moderate rain/Light rain    13 / 8 ℃  City Forecast

English>>China Business

British brand Burberry half-year profit up 6 pct


09:48, November 08, 2012

LONDON, Nov. 7 (Xinhua) -- British luxury brand Burberry on Wednesday reported an underlying pre-tax profit of 173 million pounds (276.8 million U.S. dollars) for the six months to 30 September, up by 6 percent from a year earlier, which exceeded analysts' expectations.

Meanwhile, the total revenues during the period rose 8 percent to 883 million pounds.

However, the adjusted pre-tax profit stood at 112 million pounds, compared with 159 million pounds of last year's same period, after taking into account a one-off payment of 73.8 million pounds Burberry made to end a fragrance and beauty license with French company Interparfums.

Burberry will start to directly operate global sourcing, logistics and distribution of fragrance and beauty products as of 1 April next year, which is due to become the fifth product division of the fashion house.

Burberry issued a profit warning in September, saying its annual profit could be at the lower end of market expectations due to weak sales amid deteriorating external environment.

Its share price declined by 4.3 percent on London stock market on Wednesday, ranking among the biggest losers. (1 pound = 1.6 U.S. dollars)

Recommended Features:
[Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
Gold collection issued to mark 'Year of Snake' China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
China Int'l Industry Fair opens in Shanghai Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Leave your comment0 comments

  1. Name


Selections for you

  1. China's stealth fighter concept model

  2. PLA Macao Garrison finishes 13th rotation

  3. Unforgettable moments in Nov. (III)

  4. Flight test of unmanned aircrafts conducted

  5. First inter-blood-type liver transplant in China

  6. Harbin Autumn Automobile Exhibition

  7. Embroider best wishes on insoles in Shanxi

  8. China's rich people will reach to 280 million

Most Popular


  1. Commentary: Hot money needs cooling
  2. Smart solutions for better city, better life
  3. China remains an 'engine' in global economy
  4. M&A of listed companies gaining steam
  5. Is 'culture' inferior to 'commercialization'?
  6. Chinese liquor makers "sober up" over bans
  7. Strength of Chinese culture lies in understanding
  8. Securing China's e-commerce growth
  9. Hammered ore prices threaten Chinese iron miners
  10. CNN Beijing chief: China's challenges, opportunities

What’s happening in China

Landmark building should respect the public's feeling

  1. Herders, sheep flock move to winter pasture
  2. First inter-blood-type liver transplant in China
  3. HIV patient to sue hospital over cancer op refusal
  4. Test in intelligent vehicle for food detection
  5. Smart card, dumb refund rules