March 4, 2011 / 6:07 AM / 7 years ago

Hermes posts 44 pct rise in 2010 operating profit

PARIS, March 4 (Reuters) - French luxury group Hermes (HRMS.PA) posted a 44 percent rise in full-year operating profit, boosted by tourist shoppers in Europe and buoyant sales in Asia.

Earnings rose to 668 million euros ($931.7 million) from 463 million in 2009, the company said in a financial notice in Les Echos newspaper on Friday. Net profit rose 46 percent to 422 million.

Hermes said its operating margin rose by 3.6 percentage points to 27.8 percent last year, its highest level since it listed on the stock exchange in 1993.

The company also said it would propose a dividend for 2010 of 1.50 euros a share. ($1=.7170 Euro) (Reporting by James Regan; Editing by Hans Peters)

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