By  on November 12, 2010

Compagnie Financiere Richemont SA outstripped analysts’ expectations with robust first-half sales and profits, but the double-digit growth is expected to slow over the next six months as currency fluctuations and tough comparisons take their toll.

Profits at the parent of brands including Cartier, Montblanc, Dunhill, and Chloé rose 87.2 percent to 644 million euros, or $824.3 million, from 344 million euros, or $440.3 million, in the six months to Sept. 30, boosted by a double-digit rise in sales and a one-off gain from the acquisition of Net-a-porter.com.

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