By  on March 4, 2011


PARIS — Hermès International said its net profit jumped 46 percent in 2010, helped by strong sales worldwide, and it recorded its strongest operating margin since going public in 1993.


In what should come as welcome news to Bernard Arnault, whose luxury conglomerate LVMH Moët Hennessy Louis Vuitton owns 20.2 percent of Hermès, the maker of Birkin bags and silk scarves said it will propose a dividend payout of 1.50 euros, or $2.08, at its next meeting of shareholders in May. The interim dividend of 1 euro, or $1.36, paid on Feb. 10 will be deducted from that sum.

load comments
blog comments powered by Disqus