Baccarat boosts earnings at Societe du Louvre

Growth at crystal maker Baccarat contributed to the doubling of earnings in 2004 at Societe du Louvre, the French hotels to luxury goods group said on 11 March 2005.
The company said net profits rose…

Growth at crystal maker Baccarat contributed to the doubling of earnings in 2004 at Societe du Louvre, the French hotels to luxury goods group said on 11 March 2005. The company said net profits rose to EUR 66.5 million in 2004 from EUR 28.6 million in 2003 and proposed a 34% increase in its dividend to EUR 1.80 a share. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose to EUR 153.8 million from 146.6 million, on sales of EUR 738.6 million.