Compagnie Financiere Richemont AG (CFRUY.PK), a Swiss luxury goods company, reported that its profit attributable to owners of the parent company for the six-month period ended 30 September 2024 dropped to 458 million euros from 1.51 billion euros in the same period last year. Earnings per 'A' share were 0.779 euros compared to 2.601 euros in the previous year.
The latest quarter result included a 121 million euros increase in net finance costs. Net finance costs included foreign exchange losses of 422 million euros on monetary items, mitigated by gains of 135 million euros on the Group's hedging program.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.