Luxury goods group Burberry Group Plc. (BRBY.L) reported Thursday that its first-half profit before tax increased 9 percent to 154.7 million pounds from last year's 141.8 million pounds. Earnings per share climbed 14 percent to 26.7 pence from 23.4 pence last year.
Adjusted profit before tax was 152.9 million pounds, compared to 152.3 million pounds a year ago. On an underlying basis, adjusted profit grew 3 percent. Adjusted earnings per share were 26 pence, compared to 25.4 pence last year.
Burberry said it delivered robust performance amidst challenging environment for luxury.
As planned, licensing profit dropped 13% underlying, as Japanese licences expire.
Revenue for the period was 1.105 billion pounds, compared to 1.100 billion pounds a year ago.
Further, the company announced an interim dividend increase of 5% to 10.2 pence.
Looking ahead, Burberry said it expects total wholesale revenue at constant exchange rates in the six months to 31 March 2016 to be broadly unchanged on the same period last year.
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