Luxottica sees strong sales in Asia Pacific retail business
05 Oct '05
2 min read
The introduction of the IFRS did not result in any material differences with the results for the same period based on US GAAP. The Group has already reported US GAAP results for the six-month period on July 27, 2005, with net sales up by 38.1 percent to € 2,183 million; operating income up by 16.6 percent to € 302 million; and, net income up by 11.5 percent to € 167 million. Luxottica Group's financial communication is made in accordance with US GAAP.
Milan based leading fashion accessory firm Luxottica Group is a global leader in eyewear. The company with nearly 5,500 optical and sun retail stores mainly in North America and Asia-Pacific and a well-balanced portfolio that comprises leading premium house and licensed brands, including Ray-Ban, the best selling sun and prescription eyewear brand in the world.
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