By  on November 14, 2019

LONDON — Currency tailwinds and a new set of accounting measures helped to bolster the top and bottom lines at Burberry in the first half of fiscal 2020, despite double-digit declines in Hong Kong.

Profits for the six months ended Sept. 28 rose 14 percent to 150 million pounds, due in large part to the adoption of new accounting standards, IFRS 16, that recognize operating leases as assets and liabilities on the balance sheet. Stripping out the impact of the new measures, profits were up 11 percent.

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