By  on May 18, 2018

LONDON – A strong performance in Asia Pacific boosted full-year sales at Compagnie Financière Richemont by 3.1 percent to 10.98 billion euros, while net profit remained broadly flat in the 12-month period at 1.22 billion euros.

At constant exchange, sales were up 8 percent in fiscal 2017-2018, and stripping out the impact of watch buybacks, they rose 7 percent at constant exchange rates. Operating profit climbed 4.5 percent to 1.84 billion euros. The company said its net profit suffered in the period from one-off items.

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