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| Name | Symbol | Market | Type |
|---|---|---|---|
| Prada Spa (PK) | USOTC:PRDSY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.01 | 13.31 | 14.39 | 8,000 | 13:31:52 |
From Nov 2019 to Nov 2024
By Euan Conley
Prada SpA (1913.HK) said Friday that net profit fell 4.3% in 2017, while net revenue dipped 3.6%.
Net profit for the 12 months ended Dec. 31 was 248.9 million euros ($307.8 billion), compared with EUR260.2 million a year earlier.
Full-year revenue stood at EUR3.06 billion, down from EUR3.17 billion in the previous year. Retail sales fell by 7.7% at current exchange rates, while sales of leather goods fell by 5.1%, the Italian fashion house said.
The Hong-Kong listed company also posted declining sales across all of its geographical markets.
Prada said its management was confident that the year to come would mark the beginning of a sustainable long-term growth period.
The 2017 figures have been adjusted for a 12-month period after the company changed its year end from Jan. 31.
For the 11-month period ended Dec. 31, the company posted net profit of EUR217.7 million and revenue of EUR2.74 billion.
It also declared a dividend of 7.5 European cents a share.
Write to Euan Conley at euan.conley@dowjones.com
(END) Dow Jones Newswires
March 09, 2018 08:47 ET (13:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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