Ferragamo'S First Half Profit Shows A Rebound In Luxury Industry.

2011/11/7 10:44:00 7

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Anngelina Jolie, Drew Barrymor and other fans of Ferragamo said that in the first half of the year, net profit rose by 32.4% to 45 million 700 thousand euros (66 million 400 thousand US dollars), indicating that although the United States

Economics

The recovery is uncertain, the euro zone's debt crisis and other negative factors.

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And leather bags are still in demand.

Benefiting from the lucrative stimulation of retail sales in Asia, Ferragamo's listing in Milan and Prada in Hongkong attracted a large number of investors in June.

Competitors such as PPR, LVMH and Burberry also announced record breaking sales last month.

This family based company in Florence is less profitable than its rival.

The company said its core business income, including interest, tax, devaluation and installment repayment, rose by 59% to 83 million 800 thousand euros in the first half of the year, and sales profit rose to 18.2% from 14.9% a year ago.

The company did not give annual sales expectations.

Ferragamo shares closed at 11.69 euros, up 3.8% from 9 euros at the time of listing.

In the same period, Milan's blue chip index increased by 2.3%.