Luxury-goods retailer Hermes posts higher profit, revenue

Hermes International SCA said Wednesday that first-half net profit and revenue rose, and backed its medium-term revenue outlook.

Hermes RMS, -1.56%, which is best known for its leather bags, said net profit rose to 754 million euros ($832.6 million) from €706 million in the same period a year ago. Revenue rose 15% at current exchange rates to €3.28 billion, it said.

Hermes confirmed its medium-term outlook of revenue growth at constant exchange rates.

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