LONDON May 21 British luxury brand Burberry
met forecasts with an 8 percent rise in annual profit,
though it reiterated that if foreign exchange rates remain at
current levels there will be a material impact on 2014-15
The 158-year-old firm, known for its camel, red and black
check pattern, said on Wednesday it made adjusted pretax profit
of 461 million pounds ($777 million) in the year to March 31 -
bang in line with analysts' consensus forecast.
Total revenue rose 17 percent to 2.33 billion pounds.
The full year dividend was 32.0 pence, up 10 percent.
The results are the first since Chief Creative and Chief
Executive Officer Christopher Bailey officially succeeded Apple
bound Angela Ahrendts on May 1, though his appointment
was announced in October.
($1 = 0.5935 British Pounds)
(Reporting by James Davey; editing by Kate Holton)