LVMH first-half profits soar on rebound from pandemic

Islamabad

Paris, July 26 (AFP/APP): LVMH, the world’s leading maker of luxury goods, said Monday that sales and profits bounced back strongly in the first six months of 2021 as demand soared from the pandemic-induced slump last year.

LVMH, whose brands included Moet and Louis Vuitton, said in a statement that its bottom-line net profit soared by 62 percent to 5.3 billion euros ($6.3 billion) in the period from January to June, on a 53-percent jump in revenues to 28.7 billion euros.

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