Richemont net profit jumps on one off gain, sales rise 27 percent

Sales at Compagnie Financière Richemont SA, for the year ended March 31, 2019, increased by 27 percent to 13.99 billion euros (15.63 billion dollars) at actual and constant exchange rates. The company said, excluding YNAP and Watchfinder, sales for the year rose by 8 percent at constant exchange rates, with all regions showing growth with the exception of the Middle East and Africa. Asia Pacific and the Americas posted double digit sales increases driven by mainland China, Hong Kong, Korea and the US.