The luxury giant almost doubled its profits

With rising sales revenue, the world’s second largest luxury group, the Swiss-based Financiere Richemont nearly doubled its profits in the first half of the 2017 business year.

According to the unaudited data, the Richemont reached 5 billion 605 million euros in revenue and 974 million euros profit, during the six months ended on 30 September. Revenue grew by 10 percent and profit by 80 percent, compared to the same period of the previous year. Profits from regular operations increased by 46 percent to 1 billion 166 million euros. (MTI)