Friday, February 15, 2013 1:36 am
French group PPR 2012 sales rise 20.8 percent
The Associated Press
PPR reported that net income rose 6.3 percent to 1.4 billion euros as sales rose 20 percent to 9.7 billion euros.
Sales in Asia, excluding Japan, accounted for a quarter of PPR's total - a slight increase over 2011.
The company's bottom line was strengthened considerably by its decision to shed Redcats, the catalogue and online retailer, and media superstore Fnac. PPR reported a net loss of about 276 million euros from discontinued operations.