September 12, 2018 / 6:06 AM / 9 days ago

French handbag maker Hermes posts record first half margins

PARIS, Sept 12 (Reuters) - French luxury handbag maker Hermes on Wednesday said operating margins reached a first-half record at 34.5 percent of sales in the first six months of 2018, as profits rose to a new high.

The label, known for its $10,000-plus Birkin bags and patterned silk scarves, said operating income reached 985 million euros ($1.14 billion) between January and June, up 6 percent from a year earlier. ($1 = 0.8633 euros) (Reporting by Sarah White and Pascale Denis; Editing by Sudip Kar-Gupta)

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