Still in fashion: Burberry books profit hike despite slide in Hong Kong sales

Sales of Burberry dropped sharply in Hong Kong in the first six months of the year, as protests continue to rock the city state. The British fashion house said that sales in the region, which accounts for 8 per cent of its Asian revenue, declined by double digits, and warned that more was yet to come. Yet, despite these pressures, and against what some analysts were expecting, the firm still managed to increase adjusted operating profit by 14 per cent over the period to £203 million. Revenue grew 5 per cent to £1.3 billion.