NEWS.am Style

NEWS.am STYLE

NEWS.am STYLE

NEWS.am STYLE

NEWS.am STYLE

NEWS.am STYLE

NEWS.am STYLE

NEWS.am STYLE

NEWS.am STYLE

NEWS.am STYLE

Zhanna Butulyan about her biggest loss, life goals and parental advice

NEWS.am STYLE

NEWS.am STYLE

Kim Kardashian's $60 million mansion

NEWS.am STYLE

Mariam Aleksanyan on being embarrassed in mall and avoiding the marriage questions

From the brightest memory of childhood to love: BLITZ QUESTIONS with Diana Torres

5 common nail myths

Semi-annual profit of largest luxury brand falls 6 times

15:14, July 28

The LVMH net profit in the first half of 2020 fell over six times, to EUR 522 million compared to the same period last year, the company noted.

The largest loss in revenue share was in the watches & jewelry line, where revenue fell 38% year-on-year to € 1.319 billion. The line of wine, alcoholic beverages suffered the smallest losses - the revenue fell by 20% in annual terms, to EUR 1.985 billion. In the meantime, the company's net financial debt amounted to EUR 8.23 billion, decreasing by 5% compared to the previous year.

Despite encouraging signs of business recovery in June, LVMH's revenues declined markedly in the US and Europe during the quarter. In Asia, and especially in China, however, there is a noticeable increase in consumer behavior, the company noted. Meanwhile, LVMH shares fell 3.1% in 2020.


Follow NEWS.am STYLE on Facebook, Twitter and Instagram






  • Related News



@NEWSam_STYLE

  • Archive
Search
  • Poll
Most Famous man in Armenia
Nikol Pashinian
Serj Tankian
Mkrtich Arzumanian
Hayk Marutian