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Burberry H1 Net Profit Drops 27%

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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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