Burberry Returns to First-half Profit on Turnaround Plan

Detailed summary

Burberry returned to profit in its first half, the British luxury fashion label said Thursday, thanks to progress in its cost-cutting plan launched two years ago. Net profit stood at £6 million ($8 million) in the six months to the end of September, compared with a loss of £26 million a year earlier, Burberry said in an earnings statement.