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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lvmh Moet Hennessy Louis Vuitton SE | EU:MC | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
15.00 | 1.96% | 782.00 | 780.00 | 790.00 | 791.50 | 770.50 | 773.00 | 232,682 | 16:40:00 |
By Jason Chow
PARIS--LVMH Moet Hennessy Louis Vuitton SE (LVMUY) said Tuesday its fourth-quarter sales rose 5% to 10.38 billion euros ($11.33 billion) as the French luxury-goods conglomerate showed signs of resilience through weak global economic growth and the Nov. 13 terrorist attack in Paris that upset tourist flows to the shopping hub.
The company also said its full-year 2015 profit declined 37% to EUR3.57 billion. The drop was expected as the 2014 net income figure was boosted by a one-time sale of its stake in smaller luxury rival Hermes International SA.
Stripping out the effect of the sale, profit grew 20% as a weaker euro and strong tourist spending boosted sales of its flagship fashion brand.
Write to Jason Chow at jason.chow@wsj.com
(END) Dow Jones Newswires
February 02, 2016 12:39 ET (17:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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