Market Overview

Richemont Reports 24% Surge In Sales

Compagnie Financiere Richemont SA (OTC: CFRUY) reported a 24% rise in sales in the Christmas shopping season.

Richemont's sales for the three months to the end of December surged to 2.62 billion euros, versus EUR2.11 billion, in the year-ago period. However, analysts were expecting sales of EUR2.58 billion.

Richemont shares closed at $5.25 on Friday.

Posted-In: SalesNews

 

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