Luxury goods manufacturer Compagnie Financiere Richemont SA has posted a 10 per cent full-year sales increase, helped by growing demand within the Asian market.

Sales increased to €3.72 billion for the financial year ended 31 March 25 compared to sales of €3.38bn in the comparative period last year.

Sales in Europe - Richemont's largest market - grew to €1.61bn from €1.46bn last year. Japanese sales rose to €642 million from €625m, and sales throughout the rest of Asia increased to €766m from €637m last year.

American sales totalled €702m compared to €655m last year.