Ferragamo’s Operating Profit Drops 41% in First Half

Operating profit at Salvatore Ferragamo declined 41 percent in the first half of the year, as revenues slowed down in all the main regions, the luxury group said on Thursday.

Earnings before interest and tax came in at 28 million euros ($30.2 million) in the first half, beating analysts expectations of a drop to 20 million euros, according to a consensus cited by Italian broker Equita.

Revenues at the leather group fell 6 percent at constant…