Luxury goods maker Gucci saw operating profit more than double in the second quarter thanks to higher sales and lower losses from its Yves Saint Laurent brand.
Gucci reported earnings before interest and tax of €65 million ($80 million) for the three months to July, up from €26.8 million during the same period last year.
The company also owns the Boucheron and Balenciaga brands and came under owner French retailer Pinault Printemps Redoute's (PPR) control earlier this year
Mr Robert Polet, Gucci's newly appointed chief executive, said he would present the development strategy for PPR's luxury goods division before the end of the year.
Mr Serge Weinberg, chairman of PPR, said: "This quarter, during which PPR took operational control of Gucci Group, was marked by a sharp upward trend in both sales and profitability."
Mr Weinberg added: "This contrasts with the previous quarter's results, which were notably affected by non-recurring items."