Yoox-Net-A-Porter revaluation gain lifts LVMH profit to 2.7b euros

Business | 17 May 2019 4:05 pm

Luxury products group, Compagnie Financiere Richemont SA said  net profit for the year ended March 31 climbed on a one-off gain.

The Swiss group said net profit for fiscal 2019 was 2.79 billion euros, up from 1.22 billion the previous year. 

The big jump in profit partly reflects a 1.38 billion gain on the revaluation of existing shares of the Yoox-Net-A-Porter business, which Richemont acquired in 2018.

 

 

 

 

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