By  on August 28, 2013

MILAN — Gains in international markets, driven by the U.S. and Europe, helped Brunello Cucinelli SpA report a 10.6 percent increase in net profit in the first six months of the year.

In the period ended June 30, profits rose to 13.3 million euros, or $17.4 million, compared with “normalized” profits of 11.9 million euros, or $15.3 million, in the same period last year, which excluded nonrecurring expenses incurred in the company’s initial public offering. Revenues gained 16.5 percent to 157.6 million euros, or $206.4 million. Dollar amounts have been converted at average exchange for the periods to which they refer.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus