ZURICH (Reuters) – Cartier maker Richemont proposed to double its dividend on Friday after net profit rose by a third in its fiscal year 2020/21, cautioning however that the trading environment would remain volatile for some time.
Net profit at Geneva-based Richemont rose by 38% to 1.289 billion euros ($1.58 billion) in the group’s fiscal year to March, ahead of a forecast for 821 million euros in a Refinitiv poll.
($1 = 0.8175 euros)
(Reporting by Silke Koltrowitz, editing by John Miller)
