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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