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Burberry Profits Rise 3.6%

Profits at Burberry Group plc rose 3.6 percent to 110.2 million pounds, or $218 million.

LONDON – Profits at Burberry Group plc rose 3.6 percent to 110.2 million pounds, or $218 million, from 106.4 million pounds, or $210.6 million, with costs from the Project Atlas technology overhaul taking a bite out of bottom line growth.

Still, chief executive Angela Ahrendts called the 2006-07 fiscal year “outstanding,” with sales rising 14 percent to 850.3 million, or $1.68 billion, from 742.9 million, or $1.47 billion, and growth across all product categories, regions and sales channels.

“We face the current year with confidence,” Ahrendts said Thursday morning during a news conference at Burberry’s London headquarters.