By  on August 29, 2008

MILAN — Boosted by growth across brands and categories, in particular its footwear division, Tod’s SpA posted a 16.9 percent increase in net profits during the first half to 40.7 million euros, or $62.3 million, on a 9.7 percent rise in sales to 347 million euros, or $530.9 million.

Diego Della Valle, chairman and chief executive officer, described first-half sales as “outstanding.” Despite the challenging economic environment, Della Valle said the “effectiveness of the group’s strategy” allows the company to continuously improve its results and its operating profitability.

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