MILAN — Italian eyewear maker De Rigo saw its first-half profit drop on weakness at its U.K. retail unit Dollond & Aitchison, but competitor Safilo fared better in terms of sales and profitability.
De Rigo’s net profit for the six months ended June 30 fell 31.4 percent to $9.2 million from $13.41 million in the comparable 2001 period, hurt mostly by poor results at D&A. Margins at the unit suffered as a result of weak eyewear sales in the U.K., as well as delays and logistical problems stemming from a reorganization of its lens production, De Rigo said. On an operating level, De Rigo’s first-half operating profit dropped 16.8 percent to $18.4 million from $22.1 million.
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