Luxury goods group Richemont (RCH) on Thursday reported a 14% increase in sales to euro 1.739 billion for the six months ended September 30 from 1.526 billion for the same period a year ago.
The group's operating profit was 157% higher at euro 208 million, while net profit was up 42% to 411 million. Earnings per unit on a fully diluted basis were up 42% to euro 0.743 from euro 0.524.
Richemont said it enjoyed a significant improvement in demand during the six-month period.
Business Day
