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Friday, 28th January 2005 (6572 views)

Bulgari has reported an 11 per cent increase in profits, as the luxury goods market looks set to boom again.<br/><br/>The third largest jeweller in the world revealed that fourth quarter revenue increased to €273.3 million, beating the predicted growth of €270 million from analysts.<br/><br/>According to the firm the growth was due to a fresh demand for luxury goods and the release of new products.<br/><br/>During the same period last year, revenues rose by just five per cent and growth usually comes from watch and jewellery sales.<br/><br/>The latest growth was experienced in all product areas and regions such as Japan and the Americas saw the biggest growth.<br/><br/>However, the company's chief executive, Francesco Trapani, warned that the environment still remained difficult.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7668041"/>

 

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