ROME — Luxottica Group SpA said Monday profits increased 8 percent in the second quarter, despite the U.S. dollar’s decline against the euro. Luxottica, whose largest single market by sales is the U.S., said despite currency pressures it’s “well on track” to reach its full-year objectives.
Luxottica, which owns the Ray-Ban and Oakley brands, said net income rose to 162.1 million euros, or $233.2 million, in the three months ended June 30, compared with profits of 150.1 million euros, or $191.5 million, in the same period a year earlier. Earnings per share rose to 0.35 euros, or 50 cents, from 0.33 euros, or 42 cents.
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