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March 7, 2012

Portuguese family business Jeronimo Martins posted strong results this week, while Italian energy group ERG and British retailer Matalan reported large falls in profits.

Portuguese family business Jeronimo Martins posted strong results this week, while Italian energy group ERG and British retailer Matalan reported large falls in profits.

Jeronimo Martins, the food retailer controlled by the Dos Santos family, said revenues jumped 13.2% in 2011 to €9.84 billion, from €8.69 billion in 2010.

In a statement released on 7 March, the Lisbon-based group added that net profit for 2011 was €340 million, compared to €281 million in 2010 – a 21.1% increase.

September 20, 2011

Net profit at family-controlled fashion group Prada jumped 74% in the six months to 31 July, buoyed by higher consumer demand in Asia and the opening of 29 new stores. 

Net profit at family-controlled fashion group Prada jumped 74% in the six months to 31 July, buoyed by higher consumer demand in Asia and the opening of 29 new stores.

The Milan-based luxury goods maker, which include brands such as Miu Miu and Church’s, said its 2011 first-half net profit increased to €179.5 million, from €103 million during the same period in 2010.

Net revenues grew by 21% to €1.13 billion, up from €936.5 million a year earlier, the company announced on 19 September.

September 7, 2011

Swiss-based luxury goods group Richemont, which owns brands such as Cartier, Montblanc, Dunhill and Chloé, reported sales that exceeded analysts’ expectations, as consumer spending increases in Asia.

Swiss-based luxury goods group Richemont, which owns brands such as Cartier, Montblanc, Dunhill and Chloé, reported sales that exceeded analysts’ expectations, as consumer spending increases in Asia.

September 1, 2010

Improved revenues in Latin America underpinned growth at Havas, the advertising and communications services group controlled by the Bolloré and Rodés families.

Improved revenues in Latin America underpinned growth at Havas, the advertising and communications services group controlled by the Bolloré and Rodés families.

The Paris-based group recorded a 4.2% increase in revenues in the first half of 2010 to €729 million, compared with the same period last year. This was largely due to a 25% growth in business in Latin America as growth in Europe and North America fell 2.6% and 4.9% respectively.

September 1, 2005

Henry bought Able & Sons Construction 30 years ago after his father died unexpectedly of a heart attack. Henry grew his father’s business to $80 million in annual revenues, expanding into building churches and government buildings.

Henry bought Able & Sons Construction 30 years ago after his father died unexpectedly of a heart attack. Henry grew his father's business to $80 million in annual revenues, expanding into building churches and government buildings. He is well-respected in the community and proud of building the new Methodist Church, high school and city hall and expanding the county courthouse, hospital and the three elementary schools.

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