Prada sees net profit jump, thanks to Asia sales

By Agence France-Presse

Mar 09, 2024 12:15 am

MILAN, Italy: Italian luxury group Prada saw its net profit increase by 44 percent to 671 million euros ($731 million) in 2023, thanks to strong Asia sales and a 'very positive' fourth quarter.

Thursday's results are slightly higher than estimates by FactSet analysts, who had forecast an average profit of 651 million euros.

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