Mulberry picks up after first half wobble

Luxury fashion group Mulberry said it was encouraged by second half revenue as retail sales blossomed after first half profit was hit by increased operating costs.

Luxury fashion group Mulberry said it was encouraged by second half revenue as retail sales blossomed after first half profit was hit by increased operating costs.

The leather goods firm, which issued a profit warning in October after a slowdown in sales across Asia and costs related to a reduction in its wholesale business, said pre-tax profit fell to £10m for the six months ended September 30th 2012 from £15.6m the year before. Operating costs rose £4.6m.

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