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Samsonite says third-quarter net profit up 33 percent

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Samsonite says third-quarter net profit up 33 percent
FILE PHOTO: A detail of a Samsonite bag is seen in a shop in downtown Rome, Italy March 4, 2016. REUTERS/Max Rossi   -   Copyright  Max Rossi(Reuters)
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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)

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