Richemont predicts profit jump

Luxury goods maker Richemont said yesterday strong sales growth would boost its half-year profit by up to 40 per cent, helped by demand from emerging markets and sales to Asian shoppers visiting Europe. The Swiss-listed maker of IWC watches and Cartier jewellery said operating and net profit were likely to increase by between 20 and 40 per cent in the six months to the end of September 2012.