Prada Fiscal Year Net Income Down 16% as Sales Decline
April 12 2017 - 9:53AM
Dow Jones News
By Matthew Dalton
PARIS--Prada SpA on Wednesday reported net income fell 16% in
the 2016 fiscal year, reflecting weak sales across most of the
Italian fashion house's main markets.
Sales were EUR3.2 billion, down 10%. Net income was EUR278.3
million compared with EUR331 million in the previous fiscal year,
Prada said.
Write to Matthew Dalton at Matthew.Dalton@wsj.com
(END) Dow Jones Newswires
April 12, 2017 09:38 ET (13:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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