November 14, 2018 / 12:59 AM / a month ago

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

HONG KONG (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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