Pursuits
Richemont Gains on Jewelry Maker’s Profit Growth Forecast
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Cie. Financiere Richemont SA rose as much as 7 percent in Zurich trading after the second-biggest luxury-goods company forecast fiscal first-half profit to rise 20 percent to 40 percent.
Operating profit in the six months through September will probably also increase within that range, the Geneva-based company said today in a statement. The median of two analyst estimates compiled by Bloomberg is for an 18 percent gain in operating profit.