PARIS -- Moet Hennessy Louis Vuitton LVMH scored a 35 percent jump in net income for the first half of 1994, the company said Tuesday.
Group net income, excluding unusual income, rose to $237.7 million (1.26 billion francs at current exchange rates) in the half on a sales increase of 20 percent to $1.89 billion (10.03 billion francs).
The luxury conglomerate credited the sales jump, improved income from operations in all activities and lower financial expenses for the profits increase.
LVMH said yearend profits would be up at least 20 percent over 1993 results.
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