By  on March 1, 2017
Luxottica's Rayban

MILAN — Italy's Luxottica Group reported a healthy increase in net profits for 2016, following a year of record sales, and upped its full-year dividend.

In the 12 months ending Dec. 31, Luxottica said net profits increased 5.8 percent to 851 million euros, or $902.1 million, with a net margin of 9.4 percent; at constant exchange rates, the increase in income would have been 7.6 percent. The company raised the full-year dividend by 3.4 percent, to 0.92 euros, or 98 cents, a share.

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