Richemont shares up 6%

Comment on this story
CorporateBusiness

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.

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


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.