H&M Group's profit increases by 26% during first 9 months

19:54, September 29, 2010      

Email | Print | Subscribe | Comments | Forum 

The Swedish fashion company H&M Group has seen an increase of 26 percent of its profit after financial items amounting to 17.83 billion kronor(2.55 billion U.S. dollars) during the first nine months of the financial year, according to a statement from the company on Wednesday.

The sales excluding VAT during the first nine months of the financial year amounted to 78.77 billion kronor (about 11.22 billion dollars), an increase of seven percent, compared with the same period last year.

During the third quarter, the group got strong sales increase and strong profit development, the statement said.

The Group's profit after tax amounted to 4.24 billion kronor (about 606 million dollars ), an increase by 23 percent.

Sales excluding VAT for the third quarter amounted to 26.89 billion kronor (about 3.84 billion dollars), an increase of 14 percent.

An online sales has been launched in the UK in September.

The Group opened 105 (116) stores and closed 15 (14) stores during the first nine months. The total number of stores in the Group as per 31 August 2010 thus amounted to 2,078 (1,840) in 37 markets.

Source: Xinhua

(Editor:李牧(实习))

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion