By  on June 14, 2012

LONDON — Mulberry Group plc’s share price sank by almost 23 percent to 15.60 pounds, or $24.26, at the close of trading on the London Stock Exchange Thursday after the company reported results for the fiscal year to March 31.

While the firm’s net profits surged 48 percent in the year to 25.3 million pounds, or $40.4 million, and revenues climbed 38.6 percent to 168.5 million pounds, or $268.9 million, investors reacted adversely to news that sales growth had slowed in the first 10 weeks of the current year.

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