Burberry First-Half Net Up 32%

Sale of London headquarters, boost in revenue help lift bottom line.

LONDON – Profits at Burberry Group plc shot up 32 percent to 66.1 million pounds, or $136 million, from 49.9 million pounds, or $103 million, in the six months ended Sept. 30.

The increase was due to a rise in first-half revenue as well as a 15.1 million pound, or $31 million, gain from the sale of Burberry’s London headquarters in Haymarket, the company said Wednesday.

The company reported last month that sales during the period rose 14.5 percent to 449 million pounds, or $899.5 million, from 392 million pounds, or $725.5 million.

For more, see Thursday’s issue of WWD.