Burberry H1 Net Profit Drops 27%
Burberry PLC (OTC: BURBY) reported a 27% drop in its first-half net profit.
Burberry's quarterly sales climbed to GBP883 million, versus GBP830 million, in the year-ago period.
Its net profit dropped to GBP85 million, while pretax profit adjusted for exceptional items rose to GBP173 million from GBP162 million.
Burberry shares closed at $39.90 yesterday.
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