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Burberry Group PLC (LON: BRBY) reports higher full-year profit, raises dividend

  • Burberry Group PLC (LON: BRBY) today announced that its fiscal 2019 profit increased.
  • The luxury-goods company raised its annual dividend for the 2019 financial year.

Burberry reported that its pretax profits for the financial year ended March 30 was £441 million ($568 million), a 6.8% improvement to last year’s £413 million profit.

The profit figure slightly missed analysts’ expectations set at £444.4 million, while the firm annual revenue was £2.72 billion, a 0.4% drop from last year’s £2.73 billion print.

The company reported a net profit of£339 million and raised its dividend to 42.5 pence a share from last year’s 41.3 pence.