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Yoox Profits Rise

11/13/2013 02:48pm - via http://bitly.com/17QfEDb... - Details

fcath70m: <!-- bodyCopy Start --> <div class="more-on-subject"> <span>Most Recent Articles On Financial</span> <span>More Articles By</span> </div> <p><strong>MILAN —</strong> Boosted by gains globally and, in particular, by a third-quarter acceleration...

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<!-- bodyCopy Start --> <div class="more-on-subject"> <span>Most Recent Articles On Financial</span> <span>More Articles By</span> </div> <p><strong>MILAN —</strong> Boosted by gains globally and, in particular, by a third-quarter acceleration in its number-one market, the U.S., Yoox SpA reported net profits in the first nine months of the year of 3.5 million euros, or $4.6 million, up 3.6 percent compared with 3.4 million euros, or $4.3 million, in the same period last year. <!--more--></p><p>Revenues in the period to Sept. 30 rose 20 percent to 319.3 million euros, or $418.3 million, compared with 266.1 million euros, or $340.6 million, in the same period the year before. </p><p>Yoox said profits were impacted by an increase of 4.6 million euros, or $6 million, in depreciation and amortization related to investment in its global e-commerce platform and exchange-rate losses and interest expenses. Stripping out noncash costs relating to existing incentive plans and the related tax e

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