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Hermès Profit Rises 17% in H1 Spurred By Asian Demand

5 monthes ago   |   By WWD

PARIS - Hermès International posted a 17 percent jump in first-half net profit, lifted by brisk global demand for high-end goods, with Asian consumers driving growth.
Net profit for the maker of Kelly and Lindy bags over the first half was 708 million euros, with an extra boost coming from a property sale in Hong Kong.
Sales over the period rose 11.2 percent at constant rates to 2.85 billion euros, with Asia clocking the fastest pace, up 12.8 percent. In the Americas, where the company opened a store in Palo Alto in May and Cancun, Mexico in March, rose 12.4 percent at constant...
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