Profit after tax was£2 million, compared with just£31,000 the previous financial year. The balance sheet moved out of the red to show a net cash surplus of£2 million. Like-for-like sales at Mulberry's UK stores were 19 per cent higher for the year.
Sales accelerated as the year progressed, with strong demand for handbags and accessories. The retailer said current trading and the autumn outlook are also positive.
Mulberry's range of handbags was launched in New York last year with Bergdorf Goodman and will be available at 63 US department stores and independent fashion retailers by autumn.
The first Mulberry standalone shop in Hong Kong opened in October, followed by outlets in Bangkok and Kuala Lumpur.
'The programme of expansion in the US, Asia and Japan has made an encouraging start,' said chairman and chief executive Godfrey Davis.
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