Salvatore Ferragamo Q1 profits jump 23.5 percent

Salvatore Ferragamo S.p.A. has reported revenues of 317 million euros (355 million dollars), up 4.3 percent both at current and constant exchange rates in the first quarter of 2019. The profit before taxes amounted to 15 million euros (16.8 million dollars, up 5.1 percent, with an incidence on revenues of 4.8 percent. The company said, net profit for the period, including the minority interest, was 11 million euros (12.3 million dollars), a 23.5 percent increase, while the group net profit was 10 million euros (11.2 million dollars), an increase of 10.8 percent.