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2016 net income at luxury goods marketer Kering up 16.9%
16 Feb '17
1 min read
Net income at French luxury goods and premium fashion apparel marketer Kering, climbed 16.9 per cent year on year to €814 million in the full year of 2016, while net income from continuing operations, excluding non recurring items totalled €1,282 million. Earnings per share amounted to €6.46 in 2016 as against €5.52 for the previous year.
Consolidated sales across all brands grew 6.9 per cent on a reported basis and 8.1 per cent on a currency exchange basis, over 2015 to €12,385 million in 2016.
According to Kering, Western Europe and the Asia-Pacific region posted double-digit rise in revenue on a comparable basis, but was moderate in North America and lacklustre in Japan.
Gross profit for the reporting year amounted to €7,790 million, up 10.1 per cent on the previous year, while at €1,886 million; recurring operating income drove up 14.5 per cent year over year. (AR)
Consolidated sales across all brands grew 6.9 per cent on a reported basis and 8.1 per cent on a currency exchange basis, over 2015 to €12,385 million in 2016.
According to Kering, Western Europe and the Asia-Pacific region posted double-digit rise in revenue on a comparable basis, but was moderate in North America and lacklustre in Japan.
Gross profit for the reporting year amounted to €7,790 million, up 10.1 per cent on the previous year, while at €1,886 million; recurring operating income drove up 14.5 per cent year over year. (AR)
Fibre2Fashion News Desk – India
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