Strong Asia demand keeps Richemont optimistic

ZURICH - Richemont, the world's second-largest luxury goods group, said on Wednesday it was cautiously optimistic for the future despite the unstable economic environment as it posted forecast-beating results, driven by strong Asian demand. Photo: CartierThe Swiss maker of IWC watches and Cartier jewellery said net profit for the year ended March 31 rose 43 percent to 1.54 billion euros ($1.97 billion). Analysts in a Reuters poll had expected a figure of 1.37 billion on average. Sales rose 29

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