27 Nov 2013

Tiffany earnings up 50%

1:17 pm on 27 November 2013

Tiffany & Co has reported a 50% increase in net earnings to $US95 million for the three months to the end of October.

The luxury jewellery maker experienced a 7% increase in sales to $US911 million during the period and a higher operating margin.

Sales in the Asia Pacific region increased 27% to $US238 million for the third quarter, and are up 20% for the year to 670 million.

The BBC reports the biggest buyers of the brand are in Asia.