Valentino Earnings, Sales Up in Third Quarter

Single-digit gains registered on top and bottom lines, although pace of growth slower than in first half.

MILAN — Valentino Fashion Group SpA saw higher profits and sales in the third quarter but growth rates slowed from the first half of the year.

Net profit for the three months ended Sept. 30 rose 6.8 percent to 60.9 million euros, or $83.4 million, the company said Friday. Sales for the period advanced 6.7 percent to 649.6 million euros, or $890 million. Valentino FG did not provide a detailed breakdown for third quarter numbers.

All dollar figures have been converted from the euro at average exchange rates for the period.

For more coverage, see Monday’s issue of WWD.