Cost cuts help Burberry swing back into black in latest financial year
LONDON, May 14 — British luxury fashion label Burberry said Thursday it returned to profit last year thanks to a sizeable cost-cutting plan launched at the end of 2024.
Net profit stood at £21 million (US$28 million; RM111.46 million) in the year to the end of March, compared with a loss after tax of £75 million (RM398.08 million) one year earlier, Burberry said in a statement.
