COUNTING GROWS: LVMH Moët Hennessy Louis Vuitton said Thursday a switch to new International Financial Reporting Standards would increase its 2004 net income by 18 percent, pushing it further into the 10 figures to 1.2 billion euros, or $1.56 billion at current exchange. The change is thanks to the suppression of goodwill amortization. The luxury giant said the new standards, effective since Jan. 1, do not otherwise significantly change measures of its financial performance, including its debt-to-equity ratio.

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