GENEVA (dpa-AFX) - Richemont AG (CFRUY.PK) reported that its sales for the six months ended 30 September 2017 rose 10% on a reported basis and 12% on a constant currency basis compared to the prior year period.
On this basis, Richemont's operating profit for the six months ended 30 September 2017 is likely to show an increase of approximately 45% against the comparative period. The corresponding profit for the period is expected to increase by approximately 80%.
The increases predominantly reflect the non-recurrence of the exceptional inventory buy-backs in the prior year period, improved trading performance and the positive net impact of movements in period-end exchange rates.
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