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Article updated: 11/7/2012 6:29 AM

Burberry reports profit that exceeds analyst estimates

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Hong Kong model Kathy Chow poses during the opening ceremony of the new Burberry flagship store in Hong Kong.

Associated Press

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Burberry Group Plc, the U.K.'s largest luxury-goods maker, reported first-half profit that exceeded estimates and said its new fragrance and beauty division should boost earnings from 2014. Adjusted pretax profit for the six months ended Sept. 30 advanced 7 percent to 173.4 million pounds ($278 million), the London-based company said today in a statement. The average of six analysts' estimates compiled by Bloomberg was 169.2 million pounds. The first-half dividend was increased 14 percent to 8 pence a share.