We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

Burberry half-year profits up 6%


Fashion house takes a hit of £73.8m to end association with Interparfums

Article comments

Luxury fashion house Burberry has reported a 6 percent rise in underlying profits for the six months to September-end to £173 million.

The latest headline profit, announced on Wednesday, has actually followed a September profit warning issued by the firm which raised worries over the strength of the luxury goods sector. But last month Burberry announced that sales figures were according to form over the second quarter of the year.

The fashion house said that total revenues for the period rose 8 percent to £883 million.

However, pre-tax profits for the six-month period fell to £111.9 million from £158.7 million a year earlier after factoring a one-off £73.8 million payment on the books. It was made by Burberry to end a products licence with French company Interparfums.

Angela Ahrendts, chief executive of Burberry, said, "Integrating fragrance and beauty is a significant brand and business opportunity. Our global teams are excited to partner with long-standing distributors, suppliers and customers to optimise these under-penetrated categories."

Share:

Recommended Articles

Comments

Burberry half-year profits up 6%
Financial Planning

Could CFOs do more to boost shareholder value?

Could CFOs do more to boost shareholder value?

Working capital improvements start to pay off, but more could be donemore ..


Amazon slashes Fire Phone price ahead of iPhone 6 launch

Amazon today slashed the price of its three-month-old Fire Phone to 99 cents, an obvious bid to boost slow sales.more ..

Betfair mobile revenues spike during 'record' quarter

App use grows by 162 percent during World Cup periodmore ..

Samsung acquires cloud printing company PrinterOn

The acquisition aims to boost Samsung's business-to-business mobile offeringsmore ..

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unansweredmore ..

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *