Burberry Group shares jumped by more than 6 percent in early trading on the London Stock Exchange after the luxury fashion firm posted solid revenue growth driven by its Asia Pacific retail business.
Total revenue lifted 9 percent in Burberry's second half to £1.12bn, with its retail arm - which accounts for around three quarters of revenue - posting 13 percent revenue growth to £840m.
"Looking forward, while we expect the external global environment to remain challenging, the team is intensely focused on optimising the significant opportunities that exist for the brand across geographies and product divisions, with particular emphasis on unlocking the potential of our digital platform and our newly-integrated fragrance and beauty business," said Angela Ahrendts, Burberry chief executive in the firm's trading update for the six months to March 31.
During the period, Burberry, famed for its iconic check pattern, opened ten new stores across the world, including a flagship shop in Chicago.
Burberry's wholesale revenue dropped three percent to £220m as the European economic troubles bit down.
In the coming year Burberry said it expects to open 25 new stores and close 15 existing ones.
The company anticipates single digit percentage growth in retail revenue over the next year.
Burberry Group will report its full year results on May 21.