(MENAFN) LVMH announced posting record sales and net profit, although other figures released by the leading global luxury company missed expectations, AFP reported.
The maker of Louis Vuitton handbags and Moet & Chandon champagne said its sales surged 6 percent in 2014 to a record of USD35.1 billion, while net profit came to a record of USD6.42 billion.
However, operating profit of the France-based LVMG, which also include Givenchy and Guerlain in its stable of luxury brands, dropped 5 percent, hitting USD6.48 billion.
While the sales slightly beat the expectations, the operating profit was below forecasts of USD6.64 billion and a net profit of USD3.86 billion stripping out the effect of the Hermes operating.
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