Prada sees net profit jump, thanks to Asia sales

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. Register to […]

Tomas Kauer - News Moderator Tomas Kauer - News Moderator
Prada sees net profit jump, thanks to Asia sales

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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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