(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
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Mulberry Group (MUL)