Mulberry Posts Rise In Full-Year Profit, Plans To Open 16 International Stores

UK luxury fashion brand Mulberry Group PLC reported a 54% rise in full-year profit. It also announced its plans to open 16 international stores. Mulberry posted a pretax profit of 36.0 million pounds ($55.6 million) for the year ended March 31, up from GBP23.3 million, in the year-ago period. Its revenue climbed 38% to GBP168.5 million, while international revenue surged 61% to GBP65.2 million. Mulberry's board recommended a dividend of 5.0 pence per share, versus 4.0 pence per share.