Europe News

Burberry second-half revenue jumps 19%


British luxury retailer Burberry said strong sales in China and Korea helped it to a 19 percent rise in second-half revenue, beating analyst expectations, but said it expected currency headwinds to hit profits in the next two years.

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Burberry's flagship store on Regent Street in London.
Chris Ratcliffe | Bloomberg | Getty Images

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Burberry, known for its trenchcoats and leather goods, said on Wednesday total revenue for the six months to March 31 was 1.298 billion pounds ($2.17 billion), higher than a company-compiled analyst consensus of 1.296 billion pounds.

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The company said should exchange rates remain at current levels, retail and wholesale profit for full-year 2014 would fall by 30 million pounds while the impact on full-year 2015 would be "material".