Prada Profit Falls for Nine Months to Oct 31
December 15 2015 - 8:52AM
Dow Jones News
By Manuela Mesco
MILAN--Italian fashion company Prada SpA (1913.HK) said Tuesday
its net profit fell for the nine months to Oct. 31.
The company recorded net profit of 235 million euros ($258.1
million), a decrease of 26.4% on the year, while operating profit
fell nearly 25% to EUR373.9 million.
Revenues were up 1.2%, at EUR2.58 billion, supported by the
beneficial effect of currency fluctuations. Stripped of the
currency effect, revenues would have fallen 7%, the company
said.
Write to Manuela Mesco at manuela.mesco@wsj.com
(END) Dow Jones Newswires
December 15, 2015 08:37 ET (13:37 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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