Bulgari Profits +32% to $81M - JB Daily News Feed

Luxury retailer Bulgari SpA reported that profits in the first half of fiscal 2007 rose 32 percent to EUR58.4 million ($81 million.)

Bulgari CEO Francesco Trapani expects sales and net profits to grow as much as 12 percent for the year. Sales grew 15 percent to EUR487.8 million ($676 million) in first half mainly driven by good demand for jewelry and watches. Sales of accessories fell 8 percent.

Bulgari grew its debt 230 percent to EUR155 million ($215 million) due to dividend payments, raw material expenses, and increasing inventories in preparation for Christmas retail season.

At some point in fourth quarter, Bulgari expects to launch its e-commerce website, Trapani said.

Posted by Posted by Jewelry News at Tuesday, September 18, 2007 9:46 AM
Categories: Bulgari, Jewelry News
 

What did you think of this article?




Trackbacks
Trackback specific URL for this post
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.