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Richemont Posts Upbeat H1 Profit

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Compagnie Financiere Richemont SA (OTC: CFRUY) reported an upbeat profit in the six months to September.

Richemont's net profit for the period surged to EUR1.08 billion, from EUR709 million, in the year-ago period.

Its revenue rose to EUR5.11 billion from EUR4.21 billion. However, analysts were expecting a net profit of EUR1.05 million on revenue of EUR5.13 billion.

Richemont shares closed at $6.70 yesterday.

Posted-In: profitEarnings News

 

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