LVMH records profit above forecasts

France: LVMH semiannual profit jumped by 53%

In brief: LVMH (Moet Hennessy Louis Vuitton) gets more expensive due to the fixation of high profit in the latest six months.

The world of luxury remains true to tradition. Employer aging politicians (Tony Blair and Mikhail Gorbachev) LVMH records highest revenue in recent years. Experts say the restoration of luxury goods sales. The world’s largest producer of luxury goods LVMH (Moet Hennessy Louis Vuitton) has reported about net profit 53% increasing to 1.05 billion euros ($ 1.36 billion)for the first half of the year.

Analysts have expected profit growth to 956.2 million euros. Sales have increased by 22% to 4.63 billion euros at the second quarter.

Igor Tringlers
2010-07-28 11:12, Economics.

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