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.
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