HONGKONG (Reuters) – Luggage maker Samsonite International SA <1910.HK> said third-quarter net profit jumped 33.3 percent from a year earlier, helped by sales of its Tumi and American Tourister brands.
Samsonite said in a statement on Tuesday evening its net profit during the July-to-Sept period was $75.5 million.
For the first three quarters, the company’s net profit gained 2.4 percent to $143.3 million.
Net sales in the third quarter rose 3.2 percent despite a 4.8 percent drop in China due to weak consumer sentiment, amid concerns about trade and falling business-to-business orders.
(Reporting by Clare Jim; Editing by Stephen Coates)