Richemont Posts Upbeat H1 Profit
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.