ITALY: Ermenegildo Zegna FY profit up 10%
Italian luxury men's wear group Ermenegildo Zegna has posted a 10.1% rise in full year profit, helped by strong international sales.
Net profit in 2007 was EUR69.7m ($111.2m), while revenues rose 8.3% EUR843.4m.
Sales rose 38% in China, 32% in Hong Kong, 36% in eastern Europe, and 41% in the Middle East.
Chief executive Ermenegildo Zegna said he was hopeful the company "can once again achieve growth" in its current financial year.
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