Burberry beats forecasts in first half

Luxury brand Burberry reported a higher-than-expected profit in the first half and said it is looking optimistic about its new fragrance and beauty division which is to start operating next year.

Luxury brand Burberry reported a higher-than-expected profit in the first half and said it is looking optimistic about its new fragrance and beauty division which is to start operating next year.

Adjusted profit before tax (PBT) gained 6% to £173m during the six months to September 30th, up 7% on a reported basis. Consensus estimates were for £167m.

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