LONDON (dpa-AFX) - Burberry Group plc (BRBY.L) reported profit before tax of 102 million pounds for the six months ended 30 September 2016 compared to 155 million pounds, prior year, after adjusting items as a result of strategic actions. Reported earnings per share was 16.2 pence, down 39%. Adjusted profit before tax was 146 million pounds, down 24% underlying (down 4% at reported FX including exchange rate benefit). Adjusted EPS of 24.4 pence, was down 6%.
First-half total revenue was 1.16 billion pounds, down 4% underlying (up 5% at reported FX). Retail/wholesale revenue was 1.15 billion pounds, down 3% underlying (up 6% at reported FX).
The Group said its expectations for fiscal 2017 adjusted profit before tax on an underlying basis remain unchanged. In fiscal 2017, the Group continues to expect net new space to contribute low single-digit percentage growth to total retail revenue.
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