By  on July 30, 2010

MILAN — Growth in all product categories, except watches, as well as booming sales in the U.S. and China helped Bulgari SpA trim losses in the first half to 7.7 million euros, or $10.2 million.

This compares with a net loss of 40.5 million euros, or $53.8 million, in the same period last year. The Rome-based company said its performance in the period ended June 30 was “negatively affected” by costs derived from exchange-rate hedging and, in particular, “from the unexpected strong rise” of the Swiss franc against the euro. Bulgari underscored that net profit in the second quarter totaled 600,000 euros, or $762,000.

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