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<Results> Burberry Swings to GBP21M Profit in FY; Greater China SSS Up 4%
UK apparel and luxury company Burberry reported that for the financial year ended March 28, revenue edged down 2% YoY to GBP2.42 billion, with profit of GBP21 million, compared wit...
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<Results> Burberry Swings to GBP21M Profit in FY; Greater China SSS Up 4%
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UK apparel and luxury company Burberry reported that for the financial year ended March 28, revenue edged down 2% YoY to GBP2.42 billion, with profit of GBP21 million, compared with a loss of GBP75 million a year earlier.

Full-year same-store sales rose 2%, reversing the 12% decline recorded in the previous year. All regions achieved full-year growth except for Europe, the Middle East, India and Africa (EMEIA), with Greater China posting a 4% increase.

Burberry announced the appointment of William Jackson as its new Chairman, succeeding Gerry Murphy, who will retire later this year. (mn/u)

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