UK luxury fashion house, Burberry Group plc, has reported strong preliminary results for its financial year ended March 31 2004. On an underlying basis, the company’s revenues increased 14% to £675.8 million ($1.2 billion) while its profits rose 21% to £141.2 million ($256.5 million).

Burberry said that during the year, it opened nine new stores worldwide and extended its reach in China, Russia and the Middle East. The company named its enhanced brand management activities in Japan and strengthened wholesale distribution as other highlights.

Burberry’s chief executive, Rose Marie Bravo, commented: “This has been a terrific year for Burberry. The group achieved 28% EPS growth on a 14% revenue gain backed by double digit growth in each of our businesses. With a favourable response to date to our autumn/winter 2004 merchandise, we look ahead to the current financial year with confidence.”

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