Burberry profit down 10 percent, chalks out measures for growth

Burberry has said that its revenues stood at 2.5 billion pounds (3.6 billion dollars) and adjusted PBT was 421 million pounds (607 million dollars), down 10 percent underlying for the year ended March 31, 2016. The company has also announced an ambitious three year plan to drive revenue growth, improve productivity and deliver at least 100 million pounds (144 million dollars) of cost savings amid challenging external environment.