By  on May 21, 2013

LONDON Costs related to the termination of its fragrance and beauty license dented net profit at Burberry Group plc in what was otherwise a strong year, with revenues hitting 1.99 billion pounds, or $3.14 billion.

In the 12 months to March 31, net profit fell 3.4 percent to 254.3 million pounds, or $401.8 million, due to exceptional costs of 82.9 million pounds, or $131 million, linked to Burberry’s breakup with Inter Parfums and the creation of an in-house fragrance and beauty business.

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