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LVMH grows first half profits by 20%

French luxury goods group Louis Vuitton Moet Hennessey (LVMH) has reported strong first half results for its current financial year.

The group, whose brands include Bulgari, Louis Vuitton and Celine, recorded revenues of €13bn (£8.2bn) in the first half of 2012, with growth coming from the US, Europe and Asia.

Profit for the six months to June 30 was €2.6m, up 20% on the same period in 2011.

“LVMH’s excellent performance in the first half, once again, demonstrates the exceptional appeal of our brands, the attraction of our high quality artisanal products and the pertinence of our strategy,” said Bernard Arnault, chairman and chief executive of LVMH.

The group made market share gains in all of its brands in the first half of the year and pinpointed US and Asia as regions where growth was likely to be rapid.

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