By  on September 2, 2008

PARIS — The luxury sector remains in fine fettle, as PPR and Hermès International last week reported solid first-half profits and voiced confidence for the balance of 2008 despite currency headwinds and economic turbulence.

PPR said net income in the first half catapulted 140.9 percent, largely due to a 421 million euro, or $644.1 million, capital gain on the sale of YSL Beauté, but also reflected a “very satisfactory level of profitability” in luxury goods.

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