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PARIS (AP) - Luxury goods company LVMH SA said Thursday that its net profit jumped 21 percent last year thanks to a strong second half in its core wine and spirits and leather products divisions in the United States and Asia.
The Paris-based owner of brands such as Dior, Louis Vuitton and Dom Perignon said net profit rose to 1.44 billion euros ($1.72 billion) from 1.19 billion euros the previous year. The figure was in line with market expectations.
Revenue rose 11 percent to 13.91 billion euros ($16.6 billion) from 12.48 billion euros a year earlier.
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