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Mulberry upgrades guidance on strong Asia sales; improved margins
StockMarketWire.com
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Luxury handbag maker Mulberry upgraded its guidance, saying it now expected to report a small underlying pre-tax profit for the full year.
The company had previously stated that its annual revenue for the year through March was expected to fall year-on-year.
It said the upgraded was underpinned by continued strong growth in Asian markets, strong digital sales and improved margins due to lower mark-down sales.
At 8:46am: (LON:MUL) Mulberry Group PLC share price was 0p at 170p
Story provided by StockMarketWire.com
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