Monday, August 6, 2012

RICHEMONT EN ROUTE TO OUTSTRIP EXPECTED RESULTS FOR SEPTEMBER 2012: with a possible increase of between 20% and 40%

Strong trading for the Swiss Luxury company RICHEMONT (Cartier, Van Cleef & Arpels Alfred Dunhill, Lancel, Net-a-Porter and Chloé, Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Söhne, Montblanc etc )indicates likely increase in operating and net profit for first half year of between 20% and 40% against the comparative prior period!

Trading for the four months ended July 2012 showed sales rising 24 % on a reported basis and 13 % on a constant currency basis against the comparative period.  

On this basis, Richemont’s operating profit for the six months ending 30 September 2012 is likely to show an increase of between 20 % and 40 % compared to the first six months of the last financial year.  

Net profit for the same period may increase by between 20 % and 40 %.

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