Mulberry reports profit
British-based luxury leather goods brand Mulberry has reported first half profits for the first time since the British company was floated eight years ago, in 1996.
For the first six months of the financial year 2004 ended September 30, 2004, the company reported profits of £17,000 ($ 33,106) compared with losses of £615,000 for the same period in 2003.
The company which has changed its focus in order to bring about a change of fortunes, moving away from its more traditional clothing ranges and concentrating more on accessories – which now account for some 80% of all sales. As a result the company saw sales in the
The company’s turnover has remained at £12.1 million which is comparable to the figure for 2003.
