Burberry sees slump in profits

Pre-tax profits came in at £152.3m from £173.9m with foreign exchange squalls doing little to help

Burberry half-year earnings tumbled more than 11% for the six months to the end of September. Pre-tax profits came in at £152.3m from £173.9m with foreign exchange squalls doing little to help the luxury goods operator – the challenging Russian outlook as well as a softened sales appetite from Asia and the Middle East also presented difficulties.

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