British luxury group Burberry expects full-year profit to reach the top half of analysts’ forecasts, after a 21 percent rise in first-half revenue boosted by strong sales of apparel and leather goods in China and Europe.
The company also confirmed this week that its expansion in stronger growing emerging markets, coupled with a surge in tourism from Asia mainly China, would help it to cope with the austerity measures being implemented in developing economies.
"We’re growing across a number of fronts and we think that is standing us in good stead, irrespective of what the economies throw at us," finance chief Stacey Cartwright told reporters.
Burberry said its revenues rose 12% at constant exchange rates to USD 571 million in the three months to September 30, excluding its restructuring Spanish business.
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