LVMH Profits Up 24%; Watches, Jewelry Decline

French luxury goods maker LVMH (Moët Hennessy Louis Vuitton) says its 2003 first-half profit rose 24% to 265 million euros (US$297 million), driven by its leather goods segment and lower financial costs. Revenue fell 10% to 5.24 billion euros (US$5.86 billion), while operating profit rose 4% to 874

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