Mulberry Group (MUL)

Mulberry Group (MUL) – Cautious for the Future

Mulberry Group reported a lower full year pretax profit, and said it remains cautious of the future and sees pressure on margins due to cost inflation in the supply chain. For the year ended March 31, the AIM-listed British luxury design company said pretax profit was £5.19m, compared with £6.20m last year, while revenues rose 14 percent to £51.2m.

The company, which lifted its final dividend by 33 percent to 2p, said administrative expenses increased to £25.98m from £19.80m. The company said total retail sales in the UK are running 36% above prior year with like for like sales up 17%.