Mulberry Group Plc (MUL.L) Thursday reported a half-year pre-tax profit of 10.0 million pounds, down from 15.6 million pounds in the same period last year.
Profit attributable to the equity shareholders of the company dropped to 7.2 million or 12.9 pence per share from 11.2 million or 19.2 pence per share last year.
Revenues totaled 76.5 million pounds, up 6 percent from 72.3 million pounds last year.
Retail revenues jumped to 46.5 million pounds, representing a a growth of 7 percent on a like-for-like basis. Wholesale revenue were down 4 percent from last year.
Gross margin declined to 61.3 percent from 66.2 percent last year.
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