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Last Updated: Monday, 24 May, 2004, 07:19 GMT 08:19 UK
New lines lift Burberry profits
Burberry umbrella
Pretty in pink: Burberry's new designs
A fresh range of colourful womenswear has helped to lift profits at upmarket fashion house Burberry.

The company, best known for its trademark beige check, reported full-year pre-tax profits of 138.8m.

This compared with a 109.4m profit last year, although the 2003 figure fell to 85.1m when the costs of its market flotation were included.

Underlying sales were up 15%, and Burberry said it was upbeat about prospects for this year.

"With a favourable response to date to our autumn/winter 2004 merchandise, we look ahead to the current financial year with confidence," said chief executive Rose Marie Bravo.

Burberry has been opening new stores in Europe, the US and Asia.

Its new ranges of more colourful designs have also proved popular with shoppers, including a pink version of its classic raincoat.

Burberry is majority-owned by retail group GUS, which partially floated the fashion house in July 2002.


SEE ALSO:
New ranges drive Burberry sales
14 Apr 04  |  Business
12m Burberry 'fat cat' revolt
15 Jul 03  |  Business
New stores boost Burberry
14 Jul 03  |  Business


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