Luxury goods group LVMH Moët Hennessy Louis Vuitton has posted a 2% rise in first half profit, with all its business groups enjoying double-digit organic revenue growth.

The company recorded revenues of EUR7.4bn (US$10.09bn) for the interim period, reflecting organic growth of 12%.   

Profit from recurring operations increased by 11% to EUR1.4bn, in what was described as a difficult currency environment.

LVMH added that its performance was particularly good in Europe, the US and Asia.

The company's Fashion & Leather Goods group registered organic sales growth of 12%, and profit from recurring operations rose 10% to EUR814m.

LVMH said that Fendi continued the "excellent" trend experienced in 2006, and other fashion lines, notably Marc Jacobs, Loewe and Givenchy had also seen an improvement in profitability.

Bernard Arnault, chairman and CEO of LVMH, said: "Our performance during the first half of the year once again demonstrates the exceptional appeal of our brands as well as the coherence and effectiveness of our strategy.

"The group recorded a further increase in its current operating margin to more than 19%. These results are even more remarkable given the significant negative impact of exchange rates in the first half of 2007.

"Numerous product launches, geographic expansion in targeted, high potential markets and growing success with new clients should allow LVMH to continue its progress in the second half of the year in a favourable economic environment.

"All these elements enable us to confirm our objective of a significant increase in results for 2007."

In its outlook, the firm said that in a favourable economic background, LVMH will continue to grow thanks to both the numerous product launches planned before the end of the year and to its geographic expansion.