LVMH First-half Profits Soar On Rebound From Pandemic
Mohammad Ali (@ChaudhryMAli88) Published July 26, 2021 | 10:26 PM
LVMH, the world's leading maker of luxury goods, said Monday that sales and profits bounced back strongly in the first six months of 2021 as demand soared from the pandemic-induced slump last year
Paris, (UrduPoint / Pakistan Point News - 26th Jul, 2021 ) :LVMH, the world's leading maker of luxury goods, said Monday that sales and profits bounced back strongly in the first six months of 2021 as demand soared from the pandemic-induced slump last year.
LVMH, whose brands included Moet and Louis Vuitton, said in a statement that its bottom-line net profit soared by 62 percent to 5.3 billion Euros ($6.3 billion) in the period from January to June, on a 53-percent jump in revenues to 28.7 billion euros.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
6 hours ago -
US stocks rebound on tech earnings, London hits new record
6 hours ago -
US approves gene therapy treatment for hemophilia
6 hours ago -
KATI president for inclusion of agri sector in tax net
6 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
7 hours ago -
Police to take every step for security of business community: IGP
7 hours ago
-
WB director, Planning minister discuss reforms in development projects
7 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
9 hours ago -
FBR’s data protection efforts commended by OECD assessment team
9 hours ago -
US stocks rebound on tech earnings, London hits new record
9 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
9 hours ago -
SBP to announce monetary policy on April 29
9 hours ago