LVMH Shares Dip As Profit Falls Slightly Short Of Forecasts
Capital of the United Kingdom — Shares in sumptuousness goods group LVMH Moet Hennessy Louis Vuitton stole 3.2% in Paris Wednesday after the firm reported that 2007 net profit went up 7.7% to 2.03 000 000 000 euros, slightly at a lower place market prospects. Revenue moved up 7.7% to 16.48 000 000 000 euros and profit from revenant operations was up 12% at 3.56 000 000 000 euros. By part, the group’s watches and jewellery business saw the potent growth in both revenue and profit. The firm besides raised its dividend by 14% and stated it will go along to pore on intragroup growth during 2008.