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Richemont doubles dividend after internet revenue soar in full yr By Reuters 

© Reuters. FILE PHOTO: A person sporting a protecting masks walks by the posh Cartier jewellery retailer on the Americana Manhasset open-air procuring advanced in Manhasset, New York, U.S., Might 3, 2021. REUTERS/Shannon Stapleton

ZURICH (Reuters) – Cartier maker Richemont proposed to double its dividend on Friday after internet revenue rose by a 3rd in its fiscal yr 2020/21, cautioning nevertheless that the buying and selling setting would stay risky for a while.

Internet revenue at Geneva-based Richemont rose by 38% to 1.289 billion euros ($1.58 billion) within the group’s fiscal yr to March, forward of a forecast for 821 million euros in a Refinitiv ballot.

($1 = 0.8175 euros)

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