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Michael Kors profit soars on strong demand

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Published: Tuesday, 12 Feb 2013 | 7:10 AM ET

Feb 12 (Reuters) - Fashion company Michael Kors Holdings Ltd reported a sharply higher quarterly profit on Tuesday, fueled by a 70 percent gain in revenue.

The company said net income was $130.0 million, or 64 cents per share, in the third quarter ended on Dec. 29, up from $32.0 million, or 20 cents per share, a year earlier.

Revenue was $636.8 million, up from $373.6 million.

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Feb 12- Fashion company Michael Kors Holdings Ltd reported a sharply higher quarterly profit on Tuesday, fueled by a 70 percent gain in revenue. The company said net income was $130.0 million, or 64 cents per share, in the third quarter ended on Dec. 29, up from $32.0 million, or 20 cents per share, a year earlier. Revenue was $636.8 million, up from $373.6 million.

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