French luxury goods company, Moë´ Hennessey Louis Vuitton has returned to profit following four profit warnings last year which saw sales slump 4% in the wake of September 11.

The maker of Mo봠& Chandon, Dom P鲩gnon, Veuve Cliquot and Krug champagne announced a 10% rise in first half net profit of 350m euros up from 318m euros last year. Turnover increased to 5.82bn euros from 5.69bn euros.

LVMH boss Bernard Arnault, said: “This progress demonstrates the good health of the group's key brands, led by Louis Vuitton, the very strong performance of the wines and spirits business group and considerable improvement in results in selective distribution."