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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 117.50

Bid: 110.00

Ask: 125.00

Change: 0.00 (0.00%)

Spread: 15.00 (13.636%)

Open: 115.00

High: 117.50

Low: 115.00

Prev. Close: 117.50

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Mulberry shares rise as forecasts swing to annual profit

Wed, 28th Apr 2021 11:00

(Alliance News) - Mulberry Group PLC on Wednesday said it annual performance will top expectations, with the luxury leather accessories firm now guiding for a "small" profit.

Shares in the company jumped 12% to 285.00 pence each in London on Wednesday morning.

Bath, England-based Mulberry said it has seen "continued strong growth" in Asian markets, as well as a strong performance online.

Mulberry now expects a "a small underlying profit before tax" for the year ended March 27, outperforming expectations.

In its interim results, the company said it would remain loss-making, though losses would narrow. Its underlying pretax loss for the last financial year was GBP14.2 million.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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