Swedish fashion chain H&M sees Q2 profits soar on strong sales, success for spring collection | iNFOnews | Thompson-Okanagan's News Source

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Swedish fashion chain H&M sees Q2 profits soar on strong sales, success for spring collection

June 20, 2012 - 2:18 AM

STOCKHOLM - Swedish fashion retailer Hennes & Mauritz AB says its second-quarter profits soared by around 23 per cent thanks to a particularly strong sales performance of its spring collection.

Wednesday's report showed a net profit of 5.22 billion kronor ($745 million) in the March to May period, up sharply from 4.3 billion kronor recorded in the same quarter a year ago.

News from © The Associated Press, 2012
The Associated Press

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