Wednesday, 23rd March 2005 (4550 views)

Bulgari has announced profits increased to $141.6 million last year, a rise of 17.5 per cent compared to 2003.

The Italian luxury retailer, which sells gold jewellery and watches among its products, saw turnover reach $1.08 billion, according to Rapaport.

Jewellery sales increased by 14.5 per cent last year to $448 million, according to latest figures and net income rose by 18 per cent.

Japan was seen to be the largest buyer of Bulgari goods now, buying $270 million of products last year.

Bulgari is 52 per cent owned by the Bulgari family and 48 per cent floats on the Milan Stock Exchange.

 

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