Acquisition perfume manufacturer Burberry profits decline

Burberry recently released semi-annual report, due to the end of the perfume license agreement, the six months ended September 30, first-half profit fell 27.5%, to 85 million pounds, or $ 136 million, down from 117 million pounds in the same period last year. The biggest difference is, to recover French perfume and cosmetics manufacturers Interparfums permission has spent 73.8 million pounds.

Excluding this payment and other one-time costs, the profit growth of 6% to 173 million pounds, which is better than expected.

Burberry said Wednesday it will eventually be expected to benefit from the repurchase of perfume and cosmetics line dealership.

The company's revenue grew by 6% to 883 million pounds, same-store sales rose in all regions. The male accessories sales grew by 40%.

Burberry shares rose 1.8 percent to 1,274 pence in early trading in London.

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