Hugo Boss profits soar 15% over strong U.S., China sales April 26, 2012 - 18:01 AMT PanARMENIAN.Net - German fashion house Hugo Boss Thursday, April 26 posted a solid 15-percent increase in profits for the first quarter driven by double-digit sales growth in the United States and China, AFP reported. Net profit came out at 94 million euros ($122 million) in the period from January to March, as sales grew by 10 percent to 607 million euros "supported by growth in all regions," the firm said in a statement. "We had a good start to the year again," said Claus-Dietrich Lahrs, Hugo Boss chairman. The company confirmed its outlook for sales growth over the year of up to 10 percent. The group expects to open around 50 new stores worldwide, it said. In Europe, a nine-percent rise in sales was driven by "substantial" growth in Britain and Germany. In the United States, sales were up 15 percent and "double-digit growth in China led to a nine-percent sales increase in Asia."   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |
