By  on April 22, 2013

MILAN — Organic business and the addition of the Polaroid brand helped Safilo Group SpA compensate the phasing out of the Giorgio Armani Group’s licenses in the first quarter of the year, contributing to growing profitability and revenues.

In the three months ended March 31, the Italian eyewear maker posted a 12.1 percent increase in net profit, which reached 13.4 million euros, or $17.7 million, compared with 12 million euros, or $15.7 million, in the corresponding period the year before.

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