Hermes reports 50% first-half profit increase
31/08/2011
France-based luxury goods retailer Hermes International has reported a 49.5% jump in profit for the first-half of 2011, thanks to a 22% growth in revenues and higher margins.
For the period, consolidated net income increased to EUR290.9 million from EUR194.6 million a year ago. This year's result included a gain of EUR29.5 million from the disposal of the company’s share in Jean-Paul Gautier Group.
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