Hermes bag posts record net profit for 2014


(MENAFN) Hermes, French luxury group, announced posting a record net profit for 2014, as well as plans to pay out an "exceptional" dividend of USD5.47 per share, AFP reported.

The famous brand with its silk scarves and luxury handbags, Hermes logged USD942 million in net profits last year, marking an increase of 9.0 percent from a year earlier.

The French group had announced in February that it had surpassed USD4.37 billion in sales, with turnover up 9.7 percent, or 11.1 percent at constant exchange rates.

"Hermes will continue its long-term development strategy based on creativity and maintaining control over its know-how," the group said in a posted statement.


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