Burberry FY15 Profit Surges

posted a 4.3 percent gain in its profit for the full year. Burberry's net profit for the year rose to GBP336.3 million ($521.6 million), from GBP322.5 million, in the year-ago period. EPS surged to 75.1 pence from 72.1 pence. Profit before taxation climbed to 444.6 million pounds from 444.4 million pounds, while adjusted pretax profit declined to GBP455.8 million from GBP461 million. Its revenue surged to GBP2.52 billion, compared to GBP2.33 billion. Burberry increased its final dividend by 10 percent to 35.2 pence. For fiscal 2016, Burberry lowered its whole and sale retail profit outlook by GBP40 million. Burberry shares rose 0.02 percent to close at $27.89 yesterday.