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| Burberry shares boosted by strong sales | Burberry shares boosted by strong sales |
| (about 2 hours later) | |
| Burberry shares have risen almost 8% after its quarterly sales results easily beat expectations. | Burberry shares have risen almost 8% after its quarterly sales results easily beat expectations. |
| Underlying sales at the luxury clothes retailer were up 33% in the last three months of its financial year compared with a year earlier, the firm said. | Underlying sales at the luxury clothes retailer were up 33% in the last three months of its financial year compared with a year earlier, the firm said. |
| Sales in the Asia Pacific region played a big part in the strong showing, led by Hong Kong and Taiwan, it added. | Sales in the Asia Pacific region played a big part in the strong showing, led by Hong Kong and Taiwan, it added. |
| Burberry said full-year profits, which have yet to be announced, would come in at the top end of market expectations. | Burberry said full-year profits, which have yet to be announced, would come in at the top end of market expectations. |
| Prior to href="http://www.burberryplc.com/bbry/newsrel/finnews/2011/2011-04-19/" >the announcement, analysts were predicting a full-year profit of up to £290m ($178m). | |
| However, this was before the fashion company revealed a fourth-quarter revenue figure of £390m that easily beat an expected £357m. | However, this was before the fashion company revealed a fourth-quarter revenue figure of £390m that easily beat an expected £357m. |
| The firm plans a 12-13% increase in average retail selling space in the coming year, with a bias towards China, Latin America and the Middle East. | The firm plans a 12-13% increase in average retail selling space in the coming year, with a bias towards China, Latin America and the Middle East. |