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Richemont shares up 6%

Companies

South African shares of luxury goods maker Richemont add over 6 percent after company flags big jump in first-half profit, with earnings lifted by Asian shoppers and emerging markets growth recently.

At 09:42 SA time, its Johannesburg-listed shares were up 6.14 percent to 49.85 rand.

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The maker of IWC watches and Cartier jewellery said on Monday operating and net profit were likely to increase by between 20 and 40 percent in the first half of 2012. - Reuters

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