British Burberry increased annual profit by 4%

British company Burberry, one of the world's leading manufacturers of luxury goods, for the fiscal year ended March 31, increased its operating profit by 4% to 410 million pounds. Pre-tax profit was 413 million pounds, increased by 5%. The net profit of the British company has grown over the year by 2.4% to 294 million pounds. At the same time Burberry reduced annual revenue by 1% to 2 billion 733 million pounds. Its comparable sales increased by 3%. Burberry announced the launch of a share buyback program of 150 million pounds. Over the year, the company's capitalization increased by 9%.

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