The results of Burberry Group Plc have left the market analysts surprised as they accepted the firm of succumbing losses in this year. The Quarterly Financial report of the Company shows that this year's sales have led to a hike of 15% in its revenue.
The Company has announced that in the third quarter of the year, the firm has been able to book a profit of 463 million pounds. It has been informed that the profits of the firm will be utilized over opening ten new stores and few outlets at China, Latin America and Paris.
The decision has been taken of opening an outlet at China as its economy, amidst the troubled financial market of the world, has been doing quite well. The economy of China, unlike other countries, has been prospering continuously.
Although the revenue of the Company is touching the sky, its shares have been tumbling down. On the London market, its shares were seen falling to 1,235 pence in the early morning trading. However, in the last three years the shares have fallen by 13%. The continuous fall of shares has made analysts say that the Company won't be able to achieve its target.
Without paying heed to what the analysts said, the Company continued with its growth and ultimately booked magnificent profits. The Burberry Group Plc is 155-year-old British company which has a larger number of customers.