Burberry sales top £1bn as profits meet forecasts

Burberry: Total revenues up 17 per cent on a year ago
Burberry: Total revenues up 17 per cent on a year ago
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Luxury goods group Burberry has seen its revenues exceed £1 billion for the first time as it delivered first-half profits in line with forecasts.

The firm reported total revenues of £1.03bn for the six months to the end of September, up 17 per cent on a year ago.

Adjusted pre-tax profits for the first half came in at £174 million – last month the group predicted that earnings would be around the level of last year’s £173m figure.

Chief executive Angela Ahrendts, who leaves next year to join technology giant Apple, said: “We remain focused on executing our retail, digital and marketing strategies in the all-important third quarter and in what remains an uncertain macro environment.”

The interim dividend, to be paid on 24 January, was lifted 10 per cent to 8.8p a share.