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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 791.90 | 793.70 | 790.10 | 0.00 | 06:30:22 |
MILAN—LVMH Moë t Hennessy Louis Vuitton said Tuesday its first-half net profit was flat compared with a year earlier, dragged down by the fashion and leather goods division.
The company, a bellwether for the luxury-goods industry, said its net profit stood at €2.96 billion ($3.25 billion), while revenue was up 3%, at €17.2 billion revenue.
LVMH, which owns such brands like as Louis Vuitton, Celine and Moë t and Chandon, reported a 17% profit increase in its wines and spirits division, while profit for fashion and leather goods fell 2%.
Fashion and leather goods was also the only division posting a fall in terms of revenue.
Write to Manuela Mesco at manuela.mesco@wsj.com
(END) Dow Jones Newswires
July 26, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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