The UK luxury fashion brand, Burberry Group Plc, has said it is confident it will hit its long-term growth targets after posting a 46% leap in preliminary full year retail sales to £228.4 million ($373.4 million).

For the year ended March 31, 2003, the company posted a 19% increase in total sales and a 3.4% rise in profits to £88.3 million ($144.4 million).

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