Retail in Asia

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Hermes reports 6.3pc rise in first-half earnings, thanks to Asia

Operating profit reached EUR621 million (USD818 million) from EUR584 million (USD766.9 million), luxury giant Hermes said on Friday in a statement. Analysts predicted EUR617 million (USD810.2 million), according to the median of nine estimates compiled by Bloomberg. Earnings as a proportion of sales narrowed to 32.6 percent from 33.1 percent, weighed down by unfavorable exchange rates.