SMCP's H1 turnover increases, confirms outlook

SMCP, the parent company behind French fashion labels Sandro, Maje and Claudie Pierlot posted net income of 20 million euros (22 million dollars) in the first half of 2019 against 27.4 million euros in H1 2018. Excluding one-off costs related to the refinancing, the company said, net income group share was almost stable at 27.8 million euros. Consolidated sales reached 540.3 million euros (596.3 million dollars), up 8 percent at constant currency. Overall, reported sales were up 9.5 percent, including a positive currency impact of 1.5pts.