British luxury brand Burberry met forecasts for flat profit in a first half period that saw revenues rise above £1 billion sterling for the first time.
The 157-year-old group, best known for its camel, red and black check pattern, said it made a profit before tax and one-off items of £174m in the six months to the end of September.
Last month Burberry forecast a first-half profit around the level of the prior year's £173m.
The company said that total revenue rose 17% to £1.03 billion, driven by a 17% increase in retail revenue to €694m.
The update was the first from the group since it said last month that chief executive Angela Ahrendts would step down by the middle of next year to take up a new position with Apple and be succeeded by Christopher Bailey who will also retain his chief creative officer role.
